Algebra-2

Question Analysis
This problem assesses the understanding of exponential growth and the ability to apply the formula .

Key Concept Explanation
Exponential growth models a quantity that increases by a fixed percentage over each equal time period. The general model is , where:
: The quantity after time periods;
: The initial quantity;
: The periodic growth rate (in decimal);
: The number of time periods.

Step-by-step Solution
1. Identify the given values: , , and

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