Question

Is the equation A= 27500(0.73)^t a model of exponential growth or exponential decay, and what is the rate of change per time period?

exponential growth and 73%

exponential growth and 27%

exponential decay and 27%

exponential decay and 73%

Answer 1

[AI-generated answer — Bot GPT 3.5]

This equation is a model of exponential decay, and the rate of change per time period is 27%.