Question

Given an exponential function for compounding interest A(x)= P(.82)^x what is the rate of change

Answer 1

For the answer to the question above, it is -18% because to find rate we subtract the rate, in this case, is .82 or 82% - 1 or 100% and that would give you the rate, in this case, its decreasing by an 18%

-Hope this helps<3