Exponential Growth Problem f(1) = a(1 + r)
a = initial amount
r=rate of increase (growth rate)
t = time
f(t)=final amount
The prize for a radio station contest begins with a $100 gift card. Once a day, a name is
announced. The person has 15 minutes to call or the prize increases by 2.5% for the next
day.
(Hint: the 15 minutes is just extra information and wouldn't be included in the problem)
The amount of money starts with | Select]
and this is the starting or initial
amount in the equation. I need to change the percent to a decimal in order to find the rate,
which is Select