The prize for a radio station contest begins with a $100 gift card. Once a day, a name is announced. The person has 15 minutes to call or the prize increases by 2.5% for the next
day.
Using the equation for exponential growth y=a(1+r)*
I have y=100(1+.025)
To simplify the problem, in order to clearly identify the y-intercept, we will only add the
numbers in the parenthesis.
What will my answer be when I simplify this equation?
O y=100(1.025)
0 300
O y=(102.5)15