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Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease. y=7900(1.05)^x

Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease. y=7900(1.05)^x
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Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease.

y=7900(1.05)^x

asked
User Bugaloo
by
8.6k points

1 Answer

9 votes

Answer:

5% increase

Explanation:

answered
User Muhand Jumah
by
8.3k points
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