nonsense, that is not exponential
Perhaps you mean:
M(t)=41.24(1.052)^t
which would be increase by 5.2 % per year starting at 41.24 *10^9
However as written it is meaningless.
The total municipal debt for the state of Illinois can be represented as the exponential function M(t)=41.24(1.052)t, where M represents the total municipal debt for the state in billions of dollars and t is the number of years since 2000. Determine the statement that interprets the function M(t).(1 point)
The total municipal debt in Illinois was $43.38 billion in 2000 and increases about 5.2% each year.
The total municipal debt in Illinois was $39.20 billion in 2000 and increases about 105.2% each year.
The total municipal debt in Illinois was $41.24 million in 2000 and increases about 1.052% each year.
The total municipal debt in Illinois was $41.24 billion in 2000 and increases about 5.2% each year.
2 answers
thx