Question

Tell whether the function is an growth function or exponential decay function and find the constant percentage rate of growthp(t)=3.5*1.09ta. exponential decay, 3.5%
b. exponential decay, 9%
c. exponential growth, 9%
d. exponential growth, 10%

Answer 1

Exponential growth
P(t)=3.5(1+0.09)t
P(t)=3.5*1.09t

So the answer is c