Question

What does the constant 1.55 reveal about the rate of change of the quantity?

Answer 1

Here, we want to define the terms in the given exponential equation

The general form is:

P represents the initial value, while r represents the percentage change and t represents the time frame

if the value inside the bracket is greater than 1, we have an increase

We could rewrite the equation as:

This means that:

The function is growing exponentially at a rate of 55% every second

Answer 2

`\begin{gathered} a)\text{ Growing} \\ b)\text{ 55} \\ c)\text{ second} \end{gathered}`

Step-by-step explanation:

Here, we want to define the terms in the given exponential equation

The general form is:

`f(t)\text{ = P\lparen1 + r\rparen}^(nt)`

P represents the initial value, while r represents the percentage change and t represents the time frame

if the value inside the bracket is greater than 1, we have an increase

We could rewrite the equation as:

`f(t)\text{ = 570\lparen1 + 0.55\rparen}^(60t)`

This means that:

The function is growing exponentially at a rate of 55% every second