[tex]y = 50(1.45)^t[/tex]
Solution:
Given that,
The algebros contribute $50 to get things started
After that, the students increase the balance by 45% a week
Growth factor = 1.45
Let "t" be the number of weeks
The growth function is given as:
[tex]y = a(growth\ factor)^t[/tex]
Where,
y is the future value
a is the initial value
t is the number of weeks
Here,
a = 50
growth factor = 1.45
Substituting the values we get,
[tex]y = 50(1.45)^t[/tex]
Thus the model to represent the situation is found
