Question

For the following exercises, determine whether the equation represents exponential growth, exponential decay, or neither. Explain. y=220(1.06)^x

Exponential growth and decay
ANSWERED
asked 2021-06-21
For the following exercises, determine whether the equation represents exponential growth, exponential decay, or neither. Explain. y=220(1.06)^x

Answers (1)

2021-06-22
Remember the formula for an exponential function is represented by \(\displaystyle{f{{\left({x}\right)}}}={a}{b}^{{x}}\) where a is the initial value and b is the growth rate.
If the base, b>1, then it shows exponential growth. If it is 0 Note that the base is greater than 1 in the function. Therefore, this equation represents exponential growth.
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