We will have the following:
f(x) = 44(1.4)^x presents a growth of 40%.
f(x) = 46(1.04)^x presents a growth of 4%.
f(x) = 104(0.96)^x presents a decay of 4%.
f(x) = 40(0.86)^x presents a decay of 14%.
f(x) = 8(1.14)^x presents a growth of 14%.
f(x) = 74(0.6)^x presents a decay of 40%.
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We determine the decay or growth percentage by looking at the function of the form:
Here if (1 - r) is smaller than 1, then it will represent decay, and we will determine the decay percentage as follows:
If (1 - r) is greater than 1, then it will represent growth and we will determine the growth percentage as follows: