Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

The equation to model Exponential Growth is:
y= a(1+r)*
y= total amount
a= starting amount
r= the growth rate as a decimal
t= number of growth periods
Question 2 (1 point)
You have been gotten a job offer and the company wants to start you out at $45,000
and will give you a 5% raise every year. Write an equation you could use to
determine how much you would be making after x number of years.

Sagot :

MrRoyal

Your salary in x years is modeled an the exponential growth

The equation that determines your salary in x years is y = 45000(1.05)^x

How to model the salary growth?

The model of the exponential growth is given as:

y = a(1 + r)^x

From the question, we have:

Initial salary, a = 45000

Raise, r = 5%

So, the equation becomes

y = 45000(1 + 5%)^x

Evaluate the sum

y = 45000(1.05)^x

Hence, the equation that determines your salary in x years is y = 45000(1.05)^x

Read more about exponential functions at:

https://brainly.com/question/11464095

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.