What is the percent rate of change in function y = (0.99)x? Determine whether the function represents exponential growth or exponential decay.
The percent rate of change in the function y = (0.99)x is 99%.
To determine whether the function represents exponential growth or exponential decay, we need to look at the base of the exponential function, which is 0.99 in this case.
Since the base of the exponential function is less than 1 (0.99), the function represents exponential decay. This is because as x increases, the value of y decreases exponentially towards 0.