Katie received a speeding ticket that incurred a $125 fine. After one month, she will also be charged late fees for every month that she is delinquent. The amount she pays is
modeled by an exponential function, and the following table reflects the amount she will
have to pay each month.
Month Paid
Amount Paid
$125
1
2
3
$137.50
$151.25
$166.38
4
a. Write a function that models the fine Katie will pay in terms of the month it is paid. (5
points)
b. Using your function, predict how much Katie will pay if she waits until month 12 to pay
her fine. (5 points)