Question

Which of the contexts below represents exponential growth?

An amusement park charges $3.50 to go on each of the rides.
A town's population grows at a rate of 5.3% every year.
The amount of a certain medication in a person's bloodstream decreases by 2/5
every minute.
A town's population shrinks at a rate of 9.7% every year.

Answer 1

A town's population grows at a rate of 5.3% every year.