Exponential models

Question

State the exponential equation for a quantity, Q, as a function of time, t, that is increasing by 8% each day. Assume that it starts with a value of 100.

Answer 1

Q(t) = Q₀ (1.08)^t

Q₀ = 100

t = days elapsed since the day Q was Q₀

Q(t) = 100 (1.08)^t