Determine whether the function represents exponential growth or exponential decay. Identify the percent rate of change. f(t)=4(1.05)^t

Determine whether the function represents exponential growth or exponential decay. Identify the percent rate of change. f(t)=4(1.05)^t

Question
Exponential growth and decay
asked 2021-02-14
Determine whether the function represents exponential growth or exponential decay. Identify the percent rate of change. f(t)=4(1.05)^t

Answers (1)

2021-02-15
\(\displaystyle{f{{\left({t}\right)}}}={4}{\left({1.05}\right)}^{{t}}\) We are given the function:
1+r=1.05
r=1.05-1
r=0.05
0

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