Answer:
f(n) = 8000(1.67)ⁿ⁻¹
Explanation:
The equation for exponential growth has the following form:
[tex]f(x)=a(1+r)^x[/tex]Where a is the initial amount, r is the growth rate and x is the variable.
In this case, we know the amount after the first year and the growth rate and the variable is the number of years. So, replacing a by 8,000 and r by 0.67 and x by (n-1) because we will not include the 1st year, we get:
[tex]f(n)=8000(1+0.67)^{n-1}[/tex]Therefore, the explicit equation for f(n) is:
[tex]f(n)=8000(1.67)^{n-1}[/tex]