Answer:
The correct statement is: The temperature of the object is decreasing exponentially by 0.007% each minute.
Explanation:
The exponential term in the function,
, is greater than 1. This means that the temperature is increasing over time.
However, the exponent is very small, so the increase in temperature is very slow. In fact, the temperature is increasing by only -0.007% each minute.
We can use the following formula to calculate the percent change in temperature each minute.

In this case, the new value is the temperature after one minute, and the old value is the temperature at the start of the minute.
So, the percent change in temperature is:

≈ -0.007%
Therefore, the temperature of the object is decreasing exponentially by 0.007% each minute.