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Is the equation P500(1.03) with an exponent of n a model of Growth or Exponential Decay?
It can be growth or decay - it depends on whether n is positive (growth) or negative (decay).
What possible values can the growth factor have in an exponential decay equation?
Any number below negative one.
How do you get the decay factor from the decay rate?
If we have y=a(b)^t as the equation then take b from this equation case !: If b <1 then b=1-r r=1-b this r is the decay factor case 2:If b >1 then b=1+r r=b-1 this is the growth factor
What is the difference between exponential growth and decay?
Exponential growth is when the amount of something is increasing, and exponential decay is when the amount of something is decreasing.
How do you turn a number into a growth or decay percentage?
One number cannot be turned into a growth or decay percentage - unless it is already a growth or decay percentage. You need three items of information: a level (either before or after the change), the value or relative value of change and a time interval over which the change occurs.
