Question

The base of an exponential model is 1.024. Is the base a growth or decay factor, why or why not?

Answer 1

hey mate your answer is here☺️☺️

We know that a exponential function is in general represented by the expression:

                     

where a is the initial amount; a>0

b is the base of the exponential function.

Also, the exponential function is a growth function is b>1

and it represent a decay if 0<b<1

Here we have:

Base i.e. b=1.024>1

Hence, it will represent  a growth function.

Hope it helps you✌️✌️