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Question
copy - identify key features of an exponential function. 2. identify the key features of the exponential function below. $y = 20(1.01)^x$ a = b = growth or decay? growth decay 1.01 20
Step1: Identify initial value $a$
The standard exponential form is $y = a(b)^x$, where $a$ is the initial value. For $y = 20(1.01)^x$, $a=20$.
Step2: Identify base $b$
In $y = a(b)^x$, $b$ is the growth/decay factor. Here, $b=1.01$.
Step3: Classify growth/decay
If $b>1$, it is growth. Since $1.01>1$, it is growth.
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a = 20
b = 1.01
Growth or Decay? Growth