Determine whether the following scenarios are exponential growth, exponential decay, or neither.
A. Student Friendly Bank pays a simple interest rate of 2.5% per year. Neighborhood Bank pays a compound interest rate of 2.1% per year, compounded monthly.
B. The temperature increases by 2 degrees every minutes from 8:00 a.m. to 3:30 p.m.
each day for the month of July.
C. Kelli's mom takes a 400 mg dose of aspirin. Each hour, the amount of aspirin in a person's system decreases by about 29%.
D. A huge Ping-Pong tournament is held in Beijing with 65,536 participants at the start of the tournament. Each round of the tournament eliminates half the participants.