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Write an exponential growth model for each situation.

1. initial value: 2,000
growth rate: 6%

2. initial value: 50
growth rate: 75%

3. initial value: 40
growth rate: 100%

Answer :

1) a village population is at 2,000 and it is expected to grow 6% each year. Or a person is starting a saving account with 2,000 and it’s expected to grow 6% each year

2) a dog breeder has 50 dogs. By each year he plans to have 75% more dogs

3) a company has 40 stores and plans to expand by 100% each year

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