The growth of the quantity is an illustration of an exponential function
The value of the quantity after 1.55 minutes is 76759.22
The given parameters are:
Initial value, a = 2000
Rate, r = 4%
An exponential growth function is represented as:
y = a(1 + r)^x
Substitute the value in the equation
y = 2000(1 + 4%)^x
After 1.55 minuted, x = 1.55 * 60
So, we have:
y = 2000(1 + 4%)^(1.55 * 60)
Evaluate the expression
y = 76759.22
Hence, the value of the quantity after 1.55 minutes is 76759.22
Read more about exponential functions at:
brainly.com/question/24077767
