Question

Classify the model as exponential growth or exponential decay. Identify the growth or decay factor AND the percent of increase or decrease per time period.

y=100(1.05)^t

Plz help!

Answer 1

See also https://brainly.com/question/8975313

The growth factor is 1.05.

The increase is (1.05 -1)*100% = 5% per period.