Determine whether the function represents exponential growth or exponential decay. Identify the percent rate of change. y=3(1.88)ty=3(1.88)^t

Carol Gates

Carol Gates

Answered question

2021-02-09

Determine whether the function represents exponential growth or exponential decay. Identify the percent rate of change. y=3(1.88)ty=3(1.88)t

Answer & Explanation

Nicole Conner

Nicole Conner

Skilled2021-02-10Added 97 answers

y=3(1.88)t We are given the function:
y=3(1+0.88)t The function represents exponential growth because 1.88>1.
r=0.88 We determine the rate of change:

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