A salesperson sells $2100 in merchandise and earns a commission of $273, What is the commission rate?
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Answer: B. Jonesville is growing linearly and Smithville is growing exponentially.
Step-by-step explanation:
Linear growth :
- Population grow by a constant amount after each time period.
- The rate of change of dependent variable with respect to independent variable is a constant.
- It is represented by line on graph.
- Equation for linear growth :
, c = initial value and m is the rate of change of y with respect to x.
Exponential growth :
- Population grow by a constant ratio .
- It is represented by a curve on graph.
- Equation for exponential growth :
, a = initial value and r is rate of growth ( in decimal ) and x is time period.
Given : Jonesville's population grows by 170 people per year.
i.e .Population grow by a constant amount per year.
⇒ Jonesville is growing linearly.
The population of smithville grows by 7% per year.
i.e. Population grow by a constant ratio.
⇒Smithville is growing exponentially.
Hence, the true statement is "B. Jonesville is growing linearly and Smithville is growing exponentially."