y = 6000 * (1.103)^x

Answer 1

The given equation is an exponential growth function.

y represents the final amount or value after a certain time x.
6000 represents the initial amount or value.
1.103 represents the growth factor, which is greater than 1. This means that the amount or value is increasing over time.
x represents the time or the number of periods.

To find the value of y for a specific value of x, you can substitute x into the equation and solve:

For example, if x = 2:

y = 6000 * (1.103)^2
= 6000 * 1.217209
= 7303.25

So, when x = 2, y is approximately equal to 7303.25.