a. Determine whether the function y = 2(0.82)' represents exponential growth or exponential decay. The function represents exponential b. Identify the percent rate of change of the function in part (a). The rate of change is %.

Algebra and Trigonometry (6th Edition)
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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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### Exponential Functions

#### Problem Statement

Consider the following function:

\[ y = 2(0.82)^t \]

a. **Determine whether the function represents exponential growth or exponential decay.**

*The function represents exponential (growth/decay).*

b. **Identify the percent rate of change of the function in part (a).**

*The rate of change is* \[ \boxed{\ } \% \].

#### Explanation

In part (a), to determine whether the given function \( y = 2(0.82)^t \) represents exponential growth or decay, observe the base of the exponential, which in this case is 0.82. If the base is less than 1, the function represents exponential decay. If the base is greater than 1, it represents exponential growth.

In part (b), the percent rate of change can be calculated by subtracting the base of the exponential (in decimal form) from 1 and then expressing the result as a percentage. If the base is a number \( b \) such that \( 0 < b < 1 \), then the rate of decay is \((1 - b) \times 100\%\). If \( b > 1 \), then the rate of growth is \((b - 1) \times 100\%\).

For instance, in this problem, since the base is 0.82, the function represents exponential decay. The rate of decay can be calculated as \((1 - 0.82) \times 100\% = 18\%\).
Transcribed Image Text:### Exponential Functions #### Problem Statement Consider the following function: \[ y = 2(0.82)^t \] a. **Determine whether the function represents exponential growth or exponential decay.** *The function represents exponential (growth/decay).* b. **Identify the percent rate of change of the function in part (a).** *The rate of change is* \[ \boxed{\ } \% \]. #### Explanation In part (a), to determine whether the given function \( y = 2(0.82)^t \) represents exponential growth or decay, observe the base of the exponential, which in this case is 0.82. If the base is less than 1, the function represents exponential decay. If the base is greater than 1, it represents exponential growth. In part (b), the percent rate of change can be calculated by subtracting the base of the exponential (in decimal form) from 1 and then expressing the result as a percentage. If the base is a number \( b \) such that \( 0 < b < 1 \), then the rate of decay is \((1 - b) \times 100\%\). If \( b > 1 \), then the rate of growth is \((b - 1) \times 100\%\). For instance, in this problem, since the base is 0.82, the function represents exponential decay. The rate of decay can be calculated as \((1 - 0.82) \times 100\% = 18\%\).
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