Answer:
c) 330
Explanation:
Formula to calculate exponential growth is written as:
y = a( 1+r)ⁿ
a = initial quantity
r = growth rate as a decimal
n = number of time intervals
y = quantity after n time
As per the question given
a = 300
r = 0.1
n = 1 year
y = ?
Thus,
y = a( 1+r)ⁿ
300(1+0.1)¹
300 × 1.1 = 330
Therefore,
y = 330
