A certain phenomenon has an initial value of 12 and grows at a rate of 8% per year. Give an exponential function N = N(t) that describes this phenomenon. (Use t in years as your variable.)

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Chapter5: Exponential And Logarithmic Functions
Section5.4: Exponential And Logarithmic Equations
Problem 10ECP: You invest $500 at an annual interest rate of 5.25, compounded continuously. How long will it take...
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A certain phenomenon has an initial value of 12 and grows at a rate of 8% per year. Give an exponential function N = N(t) that describes this phenomenon. (Use t in years as your variable.)

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