Equation of exponential growth:
Here Y is the final amount.
\a is the initial amount.
\r is the rate of change expressed as a decimal, r > 0.
\t is time.
\a. Write an equation for Camil purchased a rare coin.
\ (Substitute
)
(Add:
)
b.Determine the value of the coin in 5 years.
\ (Substitute
)
(Use exponent calculator:
)
(Multiply:
)
a. Write an equation for Camil purchased a rare coin. is .
b. The value of the coin in 5 years is .