The function $f(x)=240,000(1.22)^x$ gives a company's predicted annua…

Question

Prompt

The function

f (x) = 240, 000 (1.22)^{x}

gives a company's predicted annual revenue, in dollars,

x

years after the company started selling clothes online, where

0 < x \leq 10

. What is the best interpretation of the statement "

f (5)

is approximately equal to

648, 650

" in this context?

5 years after the company started selling clothes online, its predicted annual revenue is approximately 648,650 dollars.

5 years after the company started selling clothes online, its predicted annual revenue will have increased by a total of approximately 648,650 dollars.

When the company's predicted annual revenue is approximately 648,650 dollars, it is 5 times the predicted annual revenue for the previous year.

When the company's predicted annual revenue is approximately 648,650 dollars, it is 5% greater than the predicted annual revenue for the previous year.