Question

Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease.

Answer 1

Explanation:

y=9700(0.909)^x

# If the base of an exponential function is an element of the set (0,1) the function is decreasing as the value of 'x' is increasing from negative infinity to positive infinity.

the function y=9700(0.909)^x is an exponential function with a coefficient 9700 and base 0.909, as we increase the value of x from negative infinity to positive infinity, the value of y decreases. So the change between two consecutive 'y' values as 'x' increases indicate decay rather than growth.

And it can be written as y=9700(1-0.091)^x, therefore the percentage decrease is 9.1%