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The percentage of executives in a certain industry receiving cash signing bonuses is increasing. the percentage is given by the function b(t)= 4.891(1.331)^t. where r is the number of years since 1996. find the percentage of executives receiving signing bonuses in 2000 and in 2001.

Sagot :

MrRoyal

The function b(t)= 4.891(1.331)^t is an exponential function

  • The percentage of executives in 2000 is 15.35
  • The percentage of executives in 2001 is 20.43

The percentage of executives in 2000

The function is given as:

b(t)= 4.891(1.331)^t.

2000 is 4 years from 1996.

This means that t = 4

So, we have:

b(4)= 4.891(1.331)^4

Evaluate

b(4)= 15.35

So, the percentage of executives in 2000 is 15.35

The percentage of executives in 2001

2001 is 5 years from 1996.

This means that t = 5

So, we have:

b(5)= 4.891(1.331)^5

Evaluate

b(5)= 20.43

Hence, the percentage of executives in 2001 is 20.43

Read more about exponential functions at:

https://brainly.com/question/24077767

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