SOLUTION: This is from the section of Connecting Exponential and Linear Data. the model is B=150 x 1.06^t The question is what is the intial amount and what is the yearly growth rate.

Question 108663: This is from the section of Connecting Exponential and Linear Data.
the model is B=150 x 1.06^t
The question is what is the intial amount and what is the yearly growth rate. I am looking at this as the same as the equation for slope intercept form (y=mx+b) so I would assume the initial value is 150 ? I have no idea how to find the yearly growth rate.
Please and thank you in advance !
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
B=150 x 1.06^t
The question is what is the intial amount and what is the yearly growth rate.
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B = 150 + (1+0.06)^t
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Initial amount is 150
growth rate is 6%
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Cheers,
Stan H.
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