Problem 1 of 7
Interpret exponential base in growth model P(t)=500(1.06)^t.
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convert base to percent increase.
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Base must be greater than 1.
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Solution
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1. Identify the exponential base.
2. Subtract 1 to find the growth rate.
3. Convert the rate to a percent increase.
Use the worked steps, then substitute the final answer back into the original relationship to confirm it satisfies the prompt.
Treating the base itself as the percent.