The formula for calculating exponential growth is expressed as
y = a(1 + r)^n
where
a is the initial value
y is the final value
n is the time
r is the growth rate
The formula for calculating exponential decay is expressed as
y = a(1 - r)^n
For y = 1010(1.05)^x,
initial value = 1010
1 + r = 1.05
r = 1.05 - 1 = 0.05
Since it is positive, it is exponential growth
Growth percent = 0.05 x 100 = 5%
For y = 4932(1.26)^x,
initial value = 4932
1 + r = 1.26
r = 1.26 - 1 = 0.26
Growth percent = 0.26 x 100 = 26%
For y = 2835(1.065)^x,
initial value = 2835
1 + r = 1.065
r = 1.065 - 1 = 0.065
Since it is positive, it is exponential growth
Growth percent = 0.065 x 100 = 6.5%
For y = (0.96)^t,
initial value = 1
1 - r = 0.96
r = 1 - 0.96 = 0.04
decay percent = 0.04 x 100 = 4%
For y = 4660(0.89)^x,
initial value = 4660
1 - r = 0.89
r = 1 - 0.89 = 0.11
decay percent = 0.11 x 100 = 11%
For y = 3078(1.09)^t,
initial value =3078
1 + r = 1.09
r = 1.09 - 1 = 0.09
Growth percent = 0.09 x 100 = 9%