Question

Classify the model as exponential growth or exponential decay. Identify the growth or decay factor AND the percent of increase or decrease per time period.

y=16(7/6)^t

Plz help!

Answer 1

The base (with a *positive* exponent) is 7/6, a number larger than 1. Because multiplying by a number larger than 1 makes the quantity increase, this is a growth (not decay) model.

The growth factor is 7/6.

The percentage increase in each time period is (7/6 -1)*100% ≈ 16.67%.