Use the expression 5x + 2^3 to match the following vocabulary words

A coefficient multiplies a variable. The 5 is a coefficient.
A variable is a letter that stands for a number. The x is a variable.
A base is a number that is raised to an exponent. The 2 is a base.
An exponent is what you raise a base to. The 3 is an exponent.

Yes, that is the correct formula. to solve this problem given the number of years, plug in the number of years for t and plug the whole thing into the