Set 16: Exponential Functions (Advanced)

Choice B is correct. Choice B is the correct answer. The initial value is the coefficient $a$. 1. Identify: In $P(t) = ab^t$, $a$ is the starting amount. 2. Locate: $a = 12000$. Strategic Tip: The number before the parenthesis is the starting value. Choice A is incorrect because 1.02 is the growth factor. Choice D is incorrect because 12240 is the population after 1 year.