# Tell whether the function represents exponential growth or exponential decay. Identify the growth or decay factor. y=0.15(3/2)^x

Exponential growth and decay
Tell whether the function represents exponential growth or exponential decay. Identify the growth or decay factor. $$\displaystyle{y}={0.15}{\left(\frac{{3}}{{2}}\right)}^{{x}}$$
$$\displaystyle{y}={0.15}{\left(\frac{{3}}{{2}}\right)}^{{x}}$$
The function represents exponential growth because here $$a = 0.15$$ which is larger than 0 and $$b = 1.5$$ which is larger than 1. So, growth factor $$b = 1.5$$