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Here we want to analyze the given exponential equation. The answers are:

  • initial value = 7500
  • Rate of growth  = 1.03
  • Percent of change  = 3%

General exponential equation:

The general exponential equation is just:

y = A*(r)^x

Where:

  • A is the initial value
  • r is the rate of growth or decay
  • (r - 1)*100% gives the percent of change.

Now that we know the general form, we can look at our equation:

y = 7500*(1 + 0.03)^x

Using the above information, we can see that:

  • initial value = 7500
  • Rate of growth = 1 + 0.03 = 1.03
  • Percent of change = (1.03 - 1)*100% = 3%

If you want to learn more about exponential equations, you can read:

https://brainly.com/question/11832081

Answer:

initial value = 7500

growth

percent of change = 3%

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