Step-by-step explanation:
Step 1: What is the formula for exponential growth
Formula → [tex]f(x)=a(1+r)^x[/tex]
Step 2: What does each variable mean
[tex]f(x)[/tex] → This is the exponential growth function
[tex]a[/tex] → This is the initial growth amount
[tex]r[/tex] → This is the growth rate or how much it increases
[tex]x[/tex] → This is the number or intervals or the process is repeated
