Question

For the function P=1.5(1.07)^t.....

What is the initial quantity?

What is the growth rate? In both decimal form and percentage form?

Is this an exponential growth or decay?

Answer 1

is the initial quantity 1.5 ?

Answer 2

and i'm not super sure, but would 1.07 represent the growth rate? :/

Answer 3

or is .07 the rate?

Answer 4

.07 is the growth rate

Answer 5

ohh okay... so that would be 7% ?

Answer 6

so is that a decay since it's less than 1.00 ?

Answer 7

not quite. since 1.07>1, the function is growing

Answer 8

the growth rate is only .07 though

Answer 9

ohh oops i used the growth rate not the entire thing! :/

and was the initial quantity 1.5? :/

Answer 10

yup :)

Answer 11

ohh okie :) thank you!! :)