Ask Question
23 March, 16:41

Given the following exponential function, identify whether the change represents growth or decay, and

determine the percentage rate of increase or decrease. y=3400 (1.97) ^x

+3
Answers (1)
  1. 23 March, 16:56
    0
    Answer: 97% growth rate.

    Step-by-step explanation:

    Hi, to answer this question we have to analyze exponential function:

    A = P (1 + r) t

    Where:

    p = initial value

    r = growth or decay rate (decimal form)

    t = number of time intervals

    A = value after t intervals

    Replacing with the values given:

    y=3400 (1.97) ^x

    Where the term 1.97 = 1 + r

    Solving for r:

    1.97-1 = r

    0.97 = r

    Since the rate is positive, it is a growth rate.

    To determine the percentage we have to multiply it by 100

    0.97 x 100 = 97%

    Feel free to ask for more if needed or if you did not understand something.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers