Question

Is the equation A=3500(1.03)t
a model of exponential growth or exponential decay, and what is the rate
of change per time period?(1 point)
Responses

exponential growth and 0.03%
exponential growth and 0.03%

exponential growth and 3%
exponential growth and 3%

exponential decay and 0.03%
exponential decay and 0.03%

exponential decay and 3%
exponential decay and 3%

Answer 1

exponential growth and 3%

Answer 2

How do know when the rate is 33% or if it's 0.03%