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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 = 8900(1.362)
Growth
% increase
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Respuesta :

The percentage rate of increase is 36.2% and the exponential function represent the growth.

What is an exponential function?

It is defined as the function that rapidly increases and the value of the exponential function is always a positive. It denotes with exponent [tex]\rm y = a^x[/tex]

where 'a' is a constant and a>1

We have exponential function:

[tex]\rm y = 8900(1.362)^x[/tex]

If we compare with

[tex]\rm y =a(1+r)^x[/tex]

If 1+r > 1

1.362 > 1

So the growth rate r is

1 + r = 1.362

r = 0.362

r = 0.362×100

r = 36.2%

Thus, the percentage rate of increase is 36.2% and the exponential function represent the growth.

Learn more about the exponential function here:

brainly.com/question/11487261

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