Posted by **Emma** on Tuesday, February 26, 2013 at 10:41pm.

Wirte an exponential growth model.

22. A business had a $20,000 profit in 1990. Then the profit increased by 20% per year for the next 10 years.

y=c(1+r)^t

y=20,000(1+0.2)^10

Is that correct?

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