What is the general form of an exponential function? What does each of the values represent?
4
Practice makes perfect
We want to identify the initial amount a and the growth factor b in the given exponential function. To do so, let's first recall the general form of an exponential growth function.
y= a * b^x, where a>0 and b>1
Here, a is the initial amount and the base b is the growth factor, which equals 1 plus the percent rate of change expressed as a decimal. Let's now consider the given function.
y= 3 * 4^x
We see that a= 3 and b= 4. Therefore, the growth factor is 4.