Question

Categorize the following as growth or decay models.

Answer 1

To categorize whether the following models are growth or decay models, we need to determine whether the quantity being modeled increases or decreases over time.

1. Exponential growth model: Growth
2. Exponential decay model: Decay
3. Logistic growth model: Growth
4. Newton's law of cooling: Decay
5. Radioactive decay model: Decay
6. Compound interest model: Growth
7. Population growth model: Growth
8. Depreciation model: Decay