A car repair center services 920 cars in 2012. The number of cars serviced increases quarterly at a rate of 12% per year after 2012. Create an exponential expression to model the number of cars serviced after t years. Then, match each part of the exponential expression to what it represents in the context of the situation.
The growth factor is
represented by 1.03.
The initial number of
cars serviced is 920.
The growth rate
is 1.03.
The quarterly rate of
growth is 0.03 or 3%.
920(1.03) is the
number of cars
multiplied by 1.03.
The compound periods
multiplied by the number
of years is 4t.
Base _
Rate_
Coefficient___
Exponent_