Consider the expression
with counting time in years.
  1. What is the value of the exponent after years?
    The exponent is after years.
  2. What is the percent increase on the initial value after years?
    The increase is
  3. How many times does this same percent increase occur in years? times.
  4. How many times does this same percent increase occur in years? times.
  5. Complete the following sentence:
    The formula states an initial value of increases by every years.
  6. Consider a different formula with again time in years.
    It states an initial value of by every years.