The first year of charity walk has 500 attendees. If the attendance increases by 2% each year, which equation shows the percent increase?

Answer 1

Exponential growth:

f(t) = A (1 + r)^t

In this case:

A: 500

r: 2%, expressed in decimal = 0.02

f(t) = 500 (1 + 0.02)^t

f(t) = 500 (1.02)^t