Answer:
The statement provided is True.
Step-by-step explanation:
The exponential function representing growth is given as follows:
Here,
<em>y</em> = final value
<em>y</em>₀ = initial value
<em>k</em> = growth rate
<em>t</em> = time passed
As the function is increasing, then the exponential function representing growth is also increasing.
Thus, the statement provided is True.