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Identify whether the change represent growth or decay and determine the percentage rate increase or decrease in y= 16(1.059)^z

Identify whether the change represent growth or decay and determine the percentage rate increase or decrease in y= 16(1.059)^z
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Identify whether the change represent growth or decay and determine the percentage rate increase or decrease in y= 16(1.059)^z

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User Estephany
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1 Answer

10 votes

Answer: Growth rate of 5.9%

Explanation:

Since 1.059>1, it represents growth.


1+r=1.059 \\ \\ r=0.059=\boxed{5.9\%}

Identify whether the change represent growth or decay and determine the percentage-example-1
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User PyTis
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