Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease. y=7500(1.06)x

Answer :

r=0.06

6% increase

yes

step-by-step explanation:

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

a

step-by-step explanation:

the denominator cannot be the same as one of the factors.

8 denominator times 2 denominator = 16

and 7 numerator time 11 = 77

77/16= 77/16 ( they cannot be further simplified)