Answer:
Initial value is 5, Growth, 7%
Initial value is 60, Decay, 7%
Step-by-step explanation:
Growth and decay are given respectively by [tex]A=P(1+r)^x\\or\\A=P(1-r)^x[/tex]. Growth adds to 1 by its percent. Decays subtracts from one its percent.
Since the left has a rate greater than 1 it is growth and the amount above is it's percent as a decimal. We convert by multiplying 0.07 by 100 which equals 7%. The right has a rate less than 1 and is decay. The amount below 1 has been found by subtracting the rate. So we subtracted -0.07 to get 093. Then 0.07 is our rate and we multiply by 100 to get -7%.
The initial value is P and is always P. On the left, 5 is in the P position. On the right, 60 is in the P position.
