Question

What is the growth factor of y=70(2)^x

Answer 1

100% growth rate or it doubles

Explanation:

This is of the form

y = ab^x

where a is the initial value and

b is the growth/decay factor

b>1 growth

b<1 decay

Since b>1 it is growth

We determine the growth rate by

b-1

2-1 =1

Multiply by 100%

1*100% = 100 % growth rate