Question

What is the rate of growth, as a percent, for the following function? A. 3.2% B. 103.2% C. 0.032% D. 0.32%

Answer 1

D) 0.32%
     because  1. rate of growth is 1.0032 – 1 = 0.0032 = 0.32% 

2. 10,500(1.0299)^5 = 10,500(1.1587) = 12,166.47 

3. b(x) = 876 for all x, so C. 

4. rate of decay is 0.067 – 1 = -0.933 = 93.3% decay