Exponential Rates and Factors

If something has exponential decay, the "b" value is _____?

• between 0 and 1

• greater than 1

• less than 1

• equal to 1

A house was just purchased for $300,000. The value of the home is expected to grow exponentially at a rate of 12.7% per year. Which function represents this situation?

The population of a small town is currently 15,000 people. The town has had limited growth and the population is actually declining at a rate of 8.5% each year. Which function below represents this situation?

If something is decaying by 10% every year, the "10%" is called the ______?

• Growth rate

• Growth Factor

• Decay Rate

• Decay Factor

• 0.35

• 0.5

• 0.65

• 1.65

• 0

• 0.01

• 0.99

• 5

• 35%

• 50%

• 65%

• 165%

The growth rate is 12%. The growth factor is...

The decay rate is 4.2%. The decay factor is

What is the growth/decay factor?