1.05 Â represents the growth factor of the function.
Step-by-step explanation:
In a general exponential growth equation :
, where A = initial value
b = growth factor
x = Time period
The given exponential function : ![1350(1.05)^t](/tpl/images/0505/5799/a8bb6.png)
As we compare the given function to the general exponential growth equation , we get
b= 1.05
That meas the growth factor is 1.05.
Therefore , 1.05 Â represents the growth factor of the function.