Identify whether the change represent growth or decay and determine the percentage rate increase or decrease in y= 16(1.059)^z

Peter Kazazes asked Mar 15, 2023

167,054 views

32 votes

Peter Kazazes asked Mar 15, 2023

2.9k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

19 votes

Answer: Growth rate of 5.9%

Explanation:

Since 1.059>1, it represents growth.

$1+r=1.059 \\ \\ r=0.059=\boxed{5.9\%}$

3.0k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers