300
Each March from 1998 to 2003, a website
recorded the number y of referrals it received from
Internet search engines. The results can be
modeled by y = 2500(1.50)^t, where t is the number of
years since 1998. Identify the initial amount, the growth factor and the annual percent increase.
What is- Initial amount- $2500, Growth factor- 1.5, and Percent increase- 50%.