Answer:
exponential growth function
Step-by-step explanation:
When dealing with a constant rate of growth as a percentage form the only way to model such a situation would be with an exponential growth function. This is because the amount that it is growing by is changing every time period cycle because the total amount keeps growing since it is a percentage. The exponential growth function would be the following...
where
- a = initial value
- r = percentage of growth in decimal form
- x = is the number of years