Question

1. y=900(1.27)^x

what is the initial value?

growth or decay?

what is the percent of change?

Answer 1

The initial value is 900

It is experiencing exponential growth by 27%

Explanation:

Exponential functions are in the form
`y=a(b)^x`, where a is the initial value, b is the multiplier, and x is the input, such as how many years past a certain date.

Exponential growth is when the multiplier is above 1.00, or above 100%, because b is determined by 1 + r if you have exponential growth, or 1 - r if you have exponential decay. You will never use negatives with exponential decay.