We can assume that there are 30 days per month.
Notice that an exponential function is as follows:
[tex]g(x)=a(1+b)^{kx},[/tex]
where a is the initial value, b is the rate of change as a decimal number, and k is a constant.
If b>0, then g(x) represents exponential growth.
Notice that:
[tex]1.095=1+0.095.[/tex]
Therefore the function is growing exponentially at a rate of 0.095 every day.
Answer:
[tex]\text{ The function is growing exponentially at a rate of 9.5\% every day.}[/tex]
