At different times on a certain day, a manager at a theme park recorded the number of visitors. An exponential model gives the estimated number of visitors, V, at the theme park t hours after the theme park opened, where . Based on the model, visitors were estimated to be at the theme park when it opened, and every minutes the estimated number of visitors increased by % of the estimated number of visitors minutes earlier. Which of the following equations best represents this model?
Explanation
Answer: A.
Explanation:
. Identify the components of the exponential model :
- A = Initial value.
- B = Growth factor.
- k = Number of growth periods.
. Determine the initial value (A) and growth factor (B):
- The initial number of visitors is , so .
- An increase of means the new amount is of the previous amount. The growth factor is as a decimal, so .
. Determine the number of growth periods (k):
- The growth occurs every minutes, or hours.
- The variable t is in hours. The number of growth periods in t hours is . So, .
. Assemble the equation:
- .
. Conclusion:
- The equation that best represents the model is , which corresponds to option A.