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Given the following exponential function, identify whether the change representsgrowth or decay, and determine the percentage rate of increase or decrease.y = 76(1.05)"

Respuesta :

Given the following exponential equation:

[tex]y=76\left(1.05\right)^x[/tex]

As shown the base value = 1.05 > 1

So, the change represents Growth

The rate of increase = 1.05 - 1 = 0.05 = 5%

so, the answer will be:

Growth

Percentage rate of increase = 5%

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