given the expotential function 10(1.01)^x identify wether the change represents growth or decay, and determine the precentage rate of increase or decrease

Answer 1

The function f(x) = 10(1.01)^x is an exponential growth function because 1.01 > 1.

f(x) = 10(1 + .01)^x Percent rate of increase = 1%. (0.01 = 1/100 = 1%)