Question

Please HELP!
What is the percent rate of change in function y=(0.96)^x? Determine whether the function represents exponential growth or exponential decay.

Answer 1

The percent change is the rate at which something either increases or decreases in value.

It is calculated as

100 * |New value - Old value| / old value

it remains constant throughout the function, so pick any two x values, plug them in, and solve!