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What does the constant 0.975 reveal about the rate of change of the quantity?

What does the constant 0.975 reveal about the rate of change of the quantity?-example-1
What does the constant 0.975 reveal about the rate of change of the quantity?-example-1
What does the constant 0.975 reveal about the rate of change of the quantity?-example-2
What does the constant 0.975 reveal about the rate of change of the quantity?-example-3
User SeaFuzz
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1 Answer

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The function is given by:


f(t)=4000(0.975)^t

Since the term into the parenthesis is greater than 0 but less than 1, we can state that this function is decaying exponentially at a rate of 100*0.975 = 97.5% every day.

User Underflow
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