Question

Given the following exponential function, identify whether the change representsgrowth or decay, and determine the percentage rate of increase or decrease y=93(1.74)^x

Answer 1

y= 93 (1.74)^x

We can rewrite the function:

y= 93 (1+0.74)^x

0.74 = r (rate increase/decrease in decimal form)

Since r is added to one, is an increase rate.

The change represents growth.

0.74 x 1