What is the percent rate of the following function:y=2(0.69)^t

Zoe Oneal

Zoe Oneal

Answered question

2021-09-09

What is the percent rate of the following function:
y=2(0.69)t

Answer & Explanation

izboknil3

izboknil3

Skilled2021-09-10Added 99 answers

Exponential decay forms are that fit into the form:
y=a(1+r)t
y=2(0.69)t must be an exponential decay function, because its base is 0.69, and is less than 1.
Thus,
1r=0.69
r=0.691
r=0.31
=31%

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