A $400,000 house increases its value at 2.25% each year. in the exponential model of the form , which value would represent the value of a in the function?
Accepted Solution
A:
An exponential equation is represented through the equation;
y=abˣ
Here, a represents the starting value/point and b represents the number by which the equation exponentially increases/decreases by.
In the given situation, a would be represented by the number $400,000.