Consider the function $y=0.68\left(1.6\right)^x$y=0.68(1.6)x.
Identify what type of function this is:
What is the rate of growth?
Consider the function $y=0.98\left(0.2\right)^x$y=0.98(0.2)x.
The local rodent population, numbering approximately $840$840, is decreasing at a rate of $4%$4% per year.
Justin purchased a piece of sports memorabilia for $\$2900$$2900, and it is expected to increase in value by $9%$9% per year.
Apply everyday compounding rates
Apply numeric reasoning in solving problems