Find Growth/Decay Percentage (Level 1)
Nov 10, 1:07:26 PM
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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 = 74(1.01)
Growth
% increase
The 1.00 is a representative of 100%, or your starting number. The 0.01 represents 1%, or 1/100. When you add them together, you would get 101%, which is a increasing change.
