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Math |
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Exponential Function |
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Exponential Function y = a • bx, where a>ø and b>1.
- Let x represent the number of year
- Let y represent the annual amount
- Let a represent the initial amount
- Let b represent the growth factor
The base b is the growth factor, which equals 1 plus the percent of change expressed as a decimal
b =1 + .(%#)
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