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31 December, 02:33

Given the following function, determine the starting value and rate of growth / decay.

y=47.3 (1.026) ^x

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Answers (2)
  1. 31 December, 02:36
    0
    initial value 47.3

    growth rate 2.6%

    Step-by-step explanation:

    This is in the form

    y = ab^x where a is the initial value and b is the growth/decay rate

    b>1 it is growth b<1 decay

    a = 47.3

    b > 1 it is growth

    The growth rate is b-1 1.026-1 =.026 = 2.6 percent
  2. 31 December, 02:56
    0
    Starting value: 47.2

    Growth rate: 2.6%

    Step-by-step explanation:

    1.026 > 1 so it's a growth

    1.026 * 100

    102.6% of the previous value

    Growth rate: 102.6 - 100

    2.6%
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