Question

Given the following exponential function, identify whether the change represents

Answer 1

The percentage rate of increase is 36.2% and the exponential function represent the growth.

What is an exponential function?

It is defined as the function that rapidly increases and the value of the exponential function is always a positive. It denotes with exponent $\rm y = a^x$

where 'a' is a constant and a>1

We have exponential function:

$\rm y = 8900(1.362)^x$

If we compare with

$\rm y =a(1+r)^x$

If 1+r > 1

1.362 > 1

So the growth rate r is

1 + r = 1.362

r = 0.362

r = 0.362×100

r = 36.2%

Thus, the percentage rate of increase is 36.2% and the exponential function represent the growth.

Learn more about the exponential function here:

brainly.com/question/11487261

#SPJ1