We have a deposit of $2000 into an account that pays 6% compounded monthly, after a year we will have:
The effective annual yield (EAY) will be:
The EAY is 101.22%
12. The number of mold spores in the school bathroom sink started at 4. The number of spores doubled every day. The equation f(x
2 answers:
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Exponential growth is the function
Exponential decay is the function
So, the basic difference is that in growth the base is more than 1, and in decay the base is more than 0 but less than 1.
Exponential decay is the function
So, the basic difference is that in growth the base is more than 1, and in decay the base is more than 0 but less than 1.