What is the difference between the exact simple interest and the ordinary simple interest on a 200-day loan of 5,000 at 12%
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An exponential function can represent growth or decay.
The graph represents an exponential growth function is given by .
An exponential function is represented as:
Where:
a represents any constant value.
b represents the growth or decay rate of the function
When the value of b is greater than 1, then the exponential function represents growth
Graph shown below represents an exponential growth function.
Hence, the graph representing an exponential growth function is graph traced by .
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