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

Mathematics

1 answer:

Masteriza [31]3 years ago

5 0

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.

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