Home / Assignment Help / A function is shown below: f(x) = (0.07)x What does the function represent? Exponential growth of 7% Exponential decay of 7% Exponential growth of 93% Exponential decay of 93%

A function is shown below: f(x) = (0.07)x What does the function represent? Exponential growth of 7% Exponential decay of 7% Exponential growth of 93% Exponential decay of 93%

Answer:

Exponential decay of 93%

Step-by-step explanation:

A function is shown below:

f(x) = (0.07)^x

Exponential formula is

f(x)= a(1+r)^t

r is the rate of growth or decay

From the given f(x) , we have 1+r = 0.07

Subtract 1 from both sides

r= 0.07 -1

r= -0.93

To get % we multiply by 100

r= -93%

the value of ‘r’ is negative , so its exponential decay

Exponential decay of 93%

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