Answer
$H=62(1.0485)^t$
Work Step by Step
Our initial amount is $62$, and the percent increase is: $0.0485$. Then the number of households that purchased these products is ($0\leq t\leq5$): $H=62(1+0.0485)^t=62(1.0485)^t$
Algebra 2 (1st Edition)
by Larson, Ron; Boswell, Laurie; Kanold, Timothy D.; Stiff, Lee
Published by
McDougal Littell
ISBN 10:
0618595414
ISBN 13:
978-0-61859-541-9
Chapter 7 Exponential and Logarithmic Functions - Chapter Test - Page 543: 27
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