Determine whether each function represents exponential growth or exponential decay. \( m(t)=\left(\frac{4}{5}\right)^{t} \) [Select ]
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The function \( m(t)=\left(\frac{4}{5}\right)^{t} \) represents exponential decay. This is because the base of the exponent, \( \frac{4}{5} \), is less than 1, which indicates that as \( t \) increases, the value of \( m(t) \) decreases. To visualize this, imagine a balloon slowly deflating over time. The air is gradually escaping, just like the value of \( m(t) \) decreases with increasing \( t \). This downward trend is a hallmark of exponential decay, making it easy to identify!