William W. answered 07/11/20
Math and science made easy - learn from a retired engineer
The "generic" exponential equation is y = abx where "a" is the "starting point" or value when x = zero and "b" is the multiplier. In this case, we are told that "a" = 1000. Then we are given a data point (3, 1500000) so we can plug in that data point to solve for the value of b.
y = abx
y = 1000•bx
1500000 = 1000•b3
1500000/1000 = b3
1500 = b3
b = cuberoot(1500)
b = 11.44714243
So the equation that models this situation is:
y = 1000•(11.44714243)x
Now, to solve the problem, we need to find "y" when "x" is 8
y = 1000•(11.44714243)8
y = 1000•294,833,406.8
y = 2.94833 x 1011 or 294.8 billion