Question

Classify the model as Exponential GROWTH or DECAY. A=10(1.01)^3

Answer 1

Answer:

GROWTH

Step-by-step explanation:

Given the Exponential function;

A=10*$1.01^{3}$

As we can see in the given function above:

the base number is 1.01 which is greater than 1 hence the quantity increases,

slowly at first and then very rapidly over its domain. The rate of growth becomes faster as time passes.

The growth "rate" (r) is determined as b = 1 + r.

In this situation, the rate growth is = 1.01 -1  = 0.01

Hope it will find you well.