Given the following exponential growth function, identify the growth rate in percentage form: Q=10,000⋅3.0T r=

ruigE 2020-11-12 Answered
Given the following exponential growth function, identify the growth rate in percentage form:
Q=10,000⋅3.0T
r=
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Expert Answer

wheezym
Answered 2020-11-13 Author has 103 answers

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:
formulas:
increasing:y=a(1+r)x
decreasing:y=a(1+r)x
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%

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