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Given the exponential function f(x) =60(1.07)x , classify the function as exponential growth or decay and determine the percent rate of growth or decay

2 Answers

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Answer: exponential growth, 7% increase

User Isabella Almeida
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2 votes

Given the exponential function


f(x)=60(1.07)^x

Step-by-step explanation

To find the answer we need to compare the function with the general formula. This is given as


f(x)=a(1+r)^x

f(x) = exponential growth function

a= initial amount

r= growth rate

x= number of time intervals

From the given function we will have;


f(x)=60(1.07)^x=60(1+0.07)^x

Answer:

Rate =0.07

Since the rate is positive, the function can be classified as a growth

User Mark Coleman
by
8.2k points

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