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?
a. exponential growth and 27%
b. exponential growth and 73%
c. exponential decay and 27%
d. exponential decay and 73%
c. exponential decay and 27%
The rate of change per time period in this equation is 27%.