Question

Given the following exponential function, identify whether the change representsgrowth or decay, and determine the percentage rate of increase or decrease.y = 76(1.05)"

Answer 1

Given the following exponential equation:

`y=76\left(1.05\right)^x`

As shown the base value = 1.05 > 1

So, the change represents Growth

The rate of increase = 1.05 - 1 = 0.05 = 5%

so, the answer will be:

Growth

Percentage rate of increase = 5%