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A function is shown below:

f (x) = (0.07) x

What does the function represent?

Exponential growth of 7%

Exponential decay of 7%

Exponential growth of 93%

Exponential decay of 93%

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  1. 16 July, 19:37
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    Last one:

    f (x) = (1+r) ^x, then find r=0.07-1=-0.93,

    negative---> decay, and then 0.93==93%
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