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What does the constant 1.055 reveal about the rate of change of the quantity?

What does the constant 1.055 reveal about the rate of change of the quantity?-example-1
User Ant P
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Answer:

1.055 reveals that the function is growing exponentially at a rate of 5.5% every day

Step-by-step explanation:

1.055 is greater than 1. It represents growth

Growth rate is:

1 - 1.055 = 0.055 = 0.055 * 100 = 5.5%

Unit of t: weeks

Exponent: 7t

Reciprocal: 1/7

Time frame of rate: 1/7 of a week

Equivalent to: day

1.055 reveals that the function is growing exponentially at a rate of 5.5% every day

User Munjal
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