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The base of an exponential model is 1.024. Is the base a growth or decay factor, why or why not?

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In the exponential growth/decay part, any number to the power of n should be to the power… ... do notmultiply them by each other, leave the bases the same and keep in exponential form .... y=a(b^x) and a is the y intercept, b is the growth or decay factor ... Give the exponential growth model and explain each part. y=(1+r)ⁿ, ...
User Ahmed Khedr
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