Question

Y=10(1.05)^x

Does anyone know the answer to this question in terms of the percentage, and if it is a growth or decay?

Answer 1

Step-by-step explanation:

1.05 exceeds 1

Answer 2

(Exponential) Growth

Explanation:

Since r=1.05 exceeds 1, then it's exponential growth. Think about what would happen if r were 1. There would be no growth. You would always have your principal value of 10.