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The variable y represents the cost of tuition per term, and the variable x corresponds to the number of years that have passed since the initial year. To find this exponential function, make the initial year 1983. During the year 1983, zero years had passed since the initial year and the cost of tuition per term was $321, making y=321 and x=0. When these numerical values substitute for the variables, the equation is 321 = a(b)0. Owing to the fact that any nonzero real number with a zero exponent is equal to 1, (b)0=1. The equation can be simplified to 321=a(1), so 321= a. Since a is a constant, a will always equal 321 in this equation, regardless of the values of the variables...
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