Suppose that f is an exponential function with percentage growth rate of 5% and that f(0) = 4. Find a formula for f(x).

preprekomW 2021-10-06 Answered
Suppose that f is an exponential function with percentage growth rate of 5% and that f(0) = 4. Find a formula for f(x).
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Expert Answer

unett
Answered 2021-10-07 Author has 119 answers
Use the exponential equation:
f(x)=a(1+r)x
where aa is the initial value and rr is the growth rate/decay.
Given f(0)=4, then a=4. Since we are given a growth rate, then r=0.05: f(x)=4(1+0.05)x
f(x)=4(1.05)x
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