Answer:
growth
1.8%
Explanation:
If the number raised to the power x is between 0 and 1, it is decay since as the exponent increases, the value of the power expression decreases.
For example, think of 0.1, a number between 0 and 1.
0.1^x
x = 1, 0.1^1 = 0.1
x = 2, 0.1^2 = 0.01
x = 3, 0.1^3 = 0.001
As you see, as x increases, the value of the expression decreases from 0.1 to 0.01 to 0.001
Now look at a power in which the base is greater than 1.
If the number raised to the power x is greater than 1, it is growth since as the exponent increases, the value of the power expression increases.
For example, look at 1.5^x
1.5^x
x = 1, 1.5^1 = 1.5
x = 2, 1.5^2 = 2.25
x = 3, 1.5^3 = 3.375
As you see, as x increases, the value of the expression increases from 1.5 to 2.25 to 3.375.
Now our problem:
y = 9200(1.018)^x
What base is raised to x?
Answer: 1.018
Since 1.018 is greater than 1, as the exponent, x, increases, the value of 1.018^x increases. Therefore, this is exponential growth.
1.018 = 1 + 0.018 = 1 + 1.8%
The percentage is 1.8%