1. The given function is growth.
The percent of growth is 43%.
The initial value is 1500.
2. The rate of decay is 20% per day.
3. a. The exponential equation representing the sales after x months for the given situation is 3500000(0.97ˣ).
b. The monthly sales after 8 months will be $274,310.1758.
4. Between months 5 and 6, the website gains more members. The difference between the two sites for this period is 2700 members.
An exponential function is of the form f(x) = (a)(bˣ), where a is the initial value, and b is the exponential factor.
When b > 1, we have growth, and when b < 1, we have decay or depreciation.
1. Given function, f(x) = 1500(1.43ˣ).
The exponential factor in this function is 1.43, which is greater than 1, thus we have growth.
The percent of growth = (1.43 - 1)*100% = 43%.
The initial value = 1500.
2. Given an equation, y = 75(.8ˣ).
The exponential factor in this function is 0.8, and x signifies the days passed.
Thus, the rate of decay = (1 - 0.8)*100% per day = 20% per day.
3. Initial value = $350,000.
Rate of depreciation = 3% per month.
a. Thus, the equation for the sales after x months can be given as:
f(x) = 350000(1 - 0.03)ˣ = 350000(0.97ˣ).
b. To find the monthly sales after 8 months, we substitute x = 8.
Sales = 350000(0.97⁸) = $274,310.1758.
4. Initial members for both sites = 100.
For site a:-
Members double each month.
This makes an exponential equation, f(x) = 100.(2ˣ), where x is the number of months.
The growth between months 5 and 6 can be calculated as:
f(6) - f(5) = 100.(2⁶) - 100.(2⁵) = 6400 - 3200 = 3200.
For site b:-
500 new members are added each month.
This makes a linear equation, f(x) = 100 + 500x, where x is the number of months.
The growth between months 5 and 6 can be calculated as:
f(6) - f(5) = (100 + 500*6) - (100 + 500*5) = 3100 - 2600 = 500.
Thus, between months 5 and 6, the website a gains more members. The difference between the two sites for this period is 2700 members.
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