Solution
Step 1
An exponential function is a function that has the form of f(x) = abˣ, where b is a positive real number.
Therefore since all the functions are in that form they are all exponential, however, with a graph plot we can determine which of the functions shows an exponential growth or decay.
From the graph above the following functions have exponential growth
f(x) = 1/2(3)ˣ
h(x) = 1(3/2)ˣ
Since their plotted graphs are going up the y-axis
g(x) = 3(1/2)ˣ has an exponential decay.
Another way to ascertain this is functions where the value of b >1
In
f(x) = 1/2(3)ˣ
h(x) = 1(3/2)ˣ
b = 3 and 3/2 respectively and this is more than 1. Therefore they have exponential growth
Therefore, the right answer is option C (I and III)