Given:
Consider the exponential model is:
[tex]y=575(1.93)^x[/tex]
To find:
The growth factor.
Solution:
The general form of an exponential model is:
[tex]y=ab^x[/tex] ...(i)
Where, a is the initial value and b is the growth factor.
We have,
[tex]y=575(1.93)^x[/tex] ...(ii)
On comparing (i) and (ii), we get
[tex]a=575[/tex]
[tex]b=1.93[/tex]
Therefore, the growth factor is 1.93.
