Based on the information, there were initially 1200 ferns; the monthly percent rate of change is 68% and this situation is modeled by an exponential growth function
The given parameters from the question are:
P(n) = 1200(1.68)^n
Where
n represent the number of months
An exponential growth function is represented as:
P(n) = a * (1 + r)^n
Where
a represents the initial value
r represents the rate
By comparison, we have
a = 1200
1 + r = 1.68
This gives
r = 0.68 = 68%
Hence, there were initially 1200 ferns; the monthly percent rate of change is 68% and this situation is modeled by an exponential growth function
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