Given the following exponential function, identify whether the change represents
1 answer:
Answer:
54.7%
Step-by-step explanation:
Given the function :
y=2700(0.453)
y represents an exponential Decay function because :
For a growth function ; the function :
y = A(1 + r) where, A is the initial amount and r = growth rate
With this function ; the value in bracket will always be greater Than 1
Hence, when the value after the initial value is less than 1 ; then we have an exponential Decay ;
Where
y = A(1 - r)
Hence, rate, r equals :
1 - r = 0.453
1 - 0.453 = r
r = 0.547
= 0.547 * 100%
= 54.7%
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