Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease. \[ y=8600(0.11)^{x} \] Answer Attempt sout of 2 Growth ~ \% increase Submit Answer
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This exponential function represents decay since the base, 0.11, is less than 1. In exponential decay, the value of \( y \) decreases as \( x \) increases. To determine the percentage rate of decrease, subtract the base from 1 and multiply by 100: \[ (1 - 0.11) \times 100 = 89\% \] Thus, the function indicates an 89% decrease. When looking at exponential functions more broadly, remember that growth functions will always have a base greater than 1 (like 1.1, which indicates a 10% growth). Conversely, bases between 0 and 1 will show decay, as in this case where you see the percentage drop. Recognizing this pattern can help dissect exponential behaviors in various scenarios!
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