Is the equation A=27500(0.73)t a model of exponential growth or exponential decay, and what is the rate of change (% of of increase/decrease) per time period?(1 point) Responses exponential growth and 27% exponential growth and 27% exponential growth and 73% exponential growth and 73% exponential decay and 27% exponential decay and 27% exponential decay and 73%
The equation A=27500(0.73)^t is a model of exponential decay because the base 0.73 is less than 1. The rate of change is 27% decrease per time period.
Therefore, the correct response is exponential decay and 27%.