Vertically Shifted Exponential Growth
The value of an investment is recorded in the ordered pairs (years, value): (0, 2500), (1, 3000), (2, 3700), (3, 4640), and (4, 5968). Subtracting a constant k from each value produces a new data set that can be modeled by an exponential function. What is the annual growth rate of this exponential model?
A
20%
B
40%
C
15%
D
30%
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