Algebra-1

Question Analysis
This question tests the student's ability to apply the exponential growth formula ()  to a real-world scenario. The key is to correctly identify the initial quantity, the growth factor, and the time period.

Key Concept Explanation
Exponential growth occurs when a quantity increases by a constant factor over equal intervals of time. The formula  () represents this, where is the initial quantity, is the growth factor, and is the number of time intervals.

Step-by-step Solution
1. Identify the initial quantity .
2. Identify the growth factor

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