Question

Find the exponential function that satisfies the given conditions.

Initial value = 34, increasing at a rate of 7% per year
f(t) = 34 ⋅ 1.07^t
f(t) = 7 ⋅ 1.07^t
f(t) = 34 ⋅ 7^t
f(t) = 34 ⋅ 0.07^t

Answer 1

where you see that is wrote 7% - what mean 0,07

Answer 2

I dont understand

Answer 3

7% mean 7/100 - yes ?

Answer 4

yes