Interpret the following exponential function: y is equal to 6 times 1 point 0 7 to the x th power What is the growth/decay factor? What is the y -intercept?

The function is y = 6(1.07)^x, which has the form y = a(b)^x. Since the base 1.07 is greater than 1, it represents growth, with growth factor 1.07. At x = 0, y = 6(1.07)^0 = 6, so the y-intercept is 6. Thus, the correct choice is B: growth factor is 1.07; y-intercept is 6.

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