Question

What is the amount and type of the growth factor of the model: y=3(1.04)^x

Determine the equation for the asymptote: y=2+ log(x-3)

For the second question, I don't even have an idea what is to be determined.

Answer 1

y = 3*(1.04)^x is an exponential growth formala. The growth factor is 1.04

y = 2 + log(x-3)
y approaches -infinity as x approaches 3 from above. There will be a vertical asymptote at x = 3