Explanation
Identifying Exponential Decay or Growth
The given equation is:
This type of equation represents an exponential function. To determine whether it signifies exponential growth or exponential decay, we need to examine the base of the exponent, which in this case is .
Exponential Growth
If the base of the exponent (in this case, ) is greater than , the function represents exponential growth. Here, since , the given equation clearly represents exponential growth.
Percentage Increase
To find the percentage increase, we use the formula:
Substituting :
Conclusion
The equation represents exponential growth with an 82% percentage increase.