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Question
the number of students enrolled at a college is 15,000 and grows 6% each year. complete parts (a) through (e).
a) the initial amount a is 15000.
b) the percent rate of change is 6%, so the growth factor b is 1 + \square = \square.
Step1: Convert percentage to decimal
The percent rate of change is 6%, which as a decimal is $0.06$.
Step2: Calculate growth factor
The growth factor \( b \) for exponential growth is \( 1 + \text{rate (decimal)} \). So we substitute the rate: \( 1 + 0.06 \).
Calculating that gives \( 1.06 \).
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The first box (for the rate in decimal) is \( 0.06 \), and the second box (for the growth factor) is \( 1.06 \). So filling in the blanks: \( 1 + \boldsymbol{0.06} = \boldsymbol{1.06} \)