Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage r
ate of increase or decrease. y=570(0.98)^x
1 answer:
Answer:
Step-by-step explanation:
The growth factor is the base of the exponent: 0.98. Its relation to the rate of change is ...
growth factor = 1 + rate of change
0.98 = 1 + (-0.02)
So, the rate of change is -0.02 = -2%. Since the rate of change is a 2% decrease, it represents decay.
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