Using the given table of an exponential function, determine the growth/decay factor as well as the rate of increase/decrease. Ty pe your answers in as numbers. Example: Growth Factor: 3.5, Rate of Increase: 2.5. (Do not input your rate of increase as a percent.)
1 answer:
Answer:
The growth rate is 0.6
The growth factor is 1.6
Step-by-step explanation:
Generally, the exponential equation can be written as;
y = a(1 + r)^x
Where a is the initial value of 100
r is the growth rate
So let us form equations;
160 = 100(1 + r)^1 •••••(i)
Also;
256 = 100(1 + r)^2 •••••••(ii)
Divide equation ii by i
256/160 = 1 + r
1.6 = 1 + r
r = 1.6-1
r = 0.6
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