Question

Find Growth/Decay Percentage (Level 1)

Nov 10, 1:07:26 PM
Watch help video
?
Given the following exponential function, identify whether the change represents
growth or decay, and determine the percentage rate of increase or decrease.
y = 74(1.01)
Growth
% increase

Answer 1

1% growth.

Explanation:

The 1.00 is a representative of 100%, or your starting number. The 0.01 represents 1%, or 1/100. When you add them together, you would get 101%, which is a increasing change.