Question

Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease.
y=21(0.97)^x
what is the % increase

Answer 1

Answer:

Step-by-step explanation:

As the number under the exponent is less than 1, this is a decay function.

y decreases by (1 - 0.97)100 = 3% for each unit increase in x

so the increase would be -3%