Here the given exponential growth function is Q=10,000*(3)T.
When the growth factor is greater than 1 then the exponential form represents the exponential growth. And the standard form of the exponential growth formula is:
where(1+- is the growth factor,while r is growth rate)
From the given information first find the growth factor:
the growth factor(1+r)=3
the growth rate (r)=2=200%
Tell whether the function represents exponential growth or exponential decay.
Determine whether the function represents exponential growth or exponential decay. Then identify the percent rate of change.