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Sagot :
Answer: 300
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Explanation:
One general template of exponential functions is
f(x) = a*(b)^x
The 'a' is the initial amount, which in this case is a = 300
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Extra info:
The b is the base of the exponential, which is b = 1.16
The value of b is helpful to determine if you have exponential growth or decay, and how much of either. Because b = 1.16 is greater than 1, it indicates exponential growth. The rate of growth is found by solving 1+r = 1.16 to get r = 0.16, which leads to 16% growth.
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