Question

Algebra 1 - which equation represents exponential growth?

a. y=5(0.84)^x
b.y =5x
c. y =0.3
d. y =5(1.06)^x

It could be either a or d. Please explain why choose the answer.

Answer 1

d. y =5(1.06)^x

Explanation:

growth formula is

y = (1+r)^t

1+r has to be greater than 1

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