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Mathematics 22 Online
OpenStudy (anonymous):

In the exponential growth function y = 235(1.15)x, what is the 1. growth factor? a 2. percent increase?

OpenStudy (solomonzelman):

\(\normalsize\color{blue}{ y = 235(1.15)^x }\) I would write this as a geometric sequence. \(\normalsize\color{blue}{ 235(1.15)^0,~~~~~~ 235(1.15)^1,~~~~~~ 235(1.15)^2,~~~~~~ 235(1.15)^3,~~~~\rm{and~~~so~~~on.} }\)

OpenStudy (solomonzelman):

So it just grows times 1.15 each time.

OpenStudy (anonymous):

Thank you, what percentage did it increase?

OpenStudy (solomonzelman):

Multiply 1.15 times 100, to convert 1.15 to percent.

OpenStudy (anonymous):

1.15 x 100= 115

OpenStudy (anonymous):

115 percent is incorrct

OpenStudy (solomonzelman):

It increases 115 percent each time.

OpenStudy (solomonzelman):

that's correct.

OpenStudy (anonymous):

is there an alternative answer cause it says 115 percent is incorrect

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