Question

14
since 1985, the daily cost of patient care in community hospitals in the united states has increased by 8.1% per year. which of the following types of functions would best model this situation? (a.fgr.9.5)
a exponential function
b linear function
c cubic function
d quadratic function

Explanation:

A constant annual percentage increase in a value follows exponential growth, where the amount grows by a fixed percentage of its current value each period, rather than a fixed linear amount, quadratic curve, or cubic curve.

Answer:

A. Exponential Function