f(t) = 80,00[tex](1+ 0.056)^{t}[/tex] is the exponential function that represents the model. The number of visits increase by 0.015% daily.
Here, we are given that a blogger found that the number of visits to her Web site increases 5.6% annually.
The exponential function is given as-
Final value = initial value [tex](1 + r)^{t}[/tex]
where r = rate of change
and t = time
here, r = 5.6%
r = 0.056
Further, the Web site had 80,000 visits this year ⇒ initial value = 80,000
Thus, we can get the following function-
f(t) = 80,00[tex](1+ 0.056)^{t}[/tex]
where f(t) represents the views after t years.
Now, since we are given that the views increase by 5.6% in 1 year
and 1 year = 365 days
⇒ daily rate = 5.6/365
= 0.015
Thus, the number of visits increase by 0.015% daily.
Learn more about exponentials here-
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