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Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease. y=9200(1.11)^x
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Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease.

y=9200(1.11)^x

User TetonSig
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1 Answer

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Base is 1.11 and it is more than 1. So it is growth
1.11=1+0.11 = 1+(11/100)
11% growth
User Elavarasan
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