Chapter 9, Problem 8SGR

To determine

The exponential growth equation is $y=C{(1-r)}^t$

Answer to Problem 8SGR

The exponential decay equation $y=C{(1-r)}^t$ is the true statement.

Explanation of Solution

Given:

The exponential growth equation is $y=C{(1-r)}^t$

Concept Used:

The exponential growth equation $y=C{(1-r)}^t$ is a false statement.

The exponential decay equation $y=C{(1-r)}^t$ is the true statement.

Thus, The exponential decay equation $y=C{(1-r)}^t$ is the true statement.