Respuesta :
exponential growth because a number more than 1 has the exponent.the constant percentage rate of growth is 1%.
Answer:
- The function is an exponential growth function .
- The growth percentage rate is: 1% .
Step-by-step explanation:
We know that an exponential function is given by:
[tex]f(x)=ab^x[/tex]
where a is the initial amount and b is called the base and x is called the exponent.
and if b>1 then the function is a growth function
and if 0<b<1 then the function is a decay function.
Here we have the function f(x) as:
[tex]f(x)=5.9\cdot (1.01)^x[/tex]
Here b=1.01>1
Hence, the function is an exponential growth function.
Also,
the growth rate is: r
where 1+r=1.01
i.e. r=0.01
which in percent is: 1% ( Since 0.01×100=1% )
