Chapter 6.1, Problem 1E

To determine

To identify the initial amount, the growth factor and the percent increase

Answer to Problem 1E

The initial amount is 2.4, growth factor is 1.5 and increase percent is 0.5.

Explanation of Solution

Given information:

The exponential growth model is $y=2.4{\left(1.5\right)}^x$

The initial amount in growth model is 2.4

The growth factor in model is 1.5

The percent increase in model is

  $\begin{array}{l}y=2.4{\left(1.5\right)}^x\\ y=2.4{\left(1+0.5\right)}^x\end{array}$

So, percent increase in model is 0.5 Hence, the initial amount is 2.4, growth factor is 1.5 and increase percent is 0.5.