Question

FAN + MEDAL! PLEASE HELP!!

Question Posted Below

Answer 1

@campbell_st @CShrix

Answer 2

ok... so the model is

\[f(t) = A_{0} e^{kt}\]

k = growth constant, t = time in years since 1976

\[A_{0} = initial ~ prize~ $0.89 ~ mill. \]

so the model looks like

\[f(t) = 0.89e^{kt}\]

so now you need to find the growth constant

so use f(t) = $7.02 mill when t = 26

t = 26 is the number of years from 1976 to 2012.

so substitute them and find k...

that's a start, and I hope it helps