Question

What type of exponential equation is shown?

y = C(1 - r)t


Exponential growth

Compound interest

Exponential decay

Quadratic

Answer 1

Exponential Decay or Growth

Explanation:

`y=C(1-r)^t` represents an exponential.

When r is greater than 0 but less than 1, the function decays by decreasing the values through the rate.

When r is less than 0 or negative, the function grows by increasing the values through the rate.