Question

Y = 55 (1-0.02)'

Is this function a growth or decay?
What is the growth or decay rate for this function? Write it as a percentage.
%

Answer 1

The function y = 55(1-0.02) represents a decay with a growth rate of 2%.

Step-by-step explanation:

The given function y = 55(1-0.02) represents a decay. This is because the term (1-0.02) is less than 1, indicating a decrease in value.

To find the decay rate, we can calculate the percentage decrease from the original value of 55.

• Original value: 55
• Decrease: 55 - (55 * 0.02) = 55 - 1.1 = 53.9
• Percentage decrease: (1.1/55) * 100 = 2%