The equation is
[tex]y=0.1(1.23)^t[/tex].
Explanation:
Exponential functions are given by y=a(1+r)ˣ, where a is the initial amount, r is the rate of growth, and x is the amount of time. In our case, a=0.1, r=0.23 and t=x.
This gives us
[tex]y=0.1(1+0.23)^t[/tex]
which simplifies to
[tex]y=0.1(1.23)^t[/tex].