Consider the function $f\left(x\right)=599\left(1+0.808\right)^x$f(x)=599(1+0.808)x.
Identify what type of function this is.
Exponential growth
Exponential decay
State the initial amount.
State the growth rate as a percentage
Consider the graph of an exponential function.
Ryan has been earning a decent income from playing online poker. He started out with $\$200$$200 and has been able to triple his money every year.
A saving account initially has $\$26030$$26030. The account increases by $1.1%$1.1% annually.