An exponential function is such that it involves the input to be present as an exponent (power) of some constant. The growth rate is n%, while the Initial Amount is 312.
When the expression of function is such that it involves the input to be present as an exponent (power) of some constant, then such function is called exponential function. Their usual form is specified below. They are written in several such equivalent forms.
Given the exponential equation y = 312(1.13)ⁿ, therefore, the growth rate is n%, while the Initial Amount is 312.
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