SOLUTION: For another investment, Kevin generates a chart showing the projected value y (in dollars) as a function of time t (in years). The chart is shown here. Note that the graph passes t

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: For another investment, Kevin generates a chart showing the projected value y (in dollars) as a function of time t (in years). The chart is shown here. Note that the graph passes t      Log On


   

Question 974844: For another investment, Kevin generates a chart showing the projected value y (in dollars) as a function of time t (in years). The chart is shown here. Note that the graph passes through the point (1, 2500).
When writing the equation of this function in the form y=a(b^t), What are the values of a and b ?
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
The basic equation can be linearized but TWO data points are needed for finding the values of a and b.