The scenario is best represented by 2 an exponential function.
This is because the total revenue is increasing by a constant rate of growth (28%) each year, which is characteristic of exponential growth rather than a geometric sequence.
When Luis opened a mechanics shop, his total revenue, in thousands of dollars, was 2.1 in his first year. Each following year, his rate of growth of the total revenue has been 28%. Some of the revenue data for his shop is shown in the table.
Year 1 2 3 4
Total Revenue
(In Thousands of Dollars)
2.1 2.688 3.44 4.04
Complete the statement.
(1 point)
The scenario is best represented by 1 a geometric sequence 2 an exponential function
.
1 answer