To determine which statement is true regarding the functions
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Statement #1: While the growth rate of
is initially greater than the growth rate of , the growth rate of keeps increasing and eventually surpasses the growth rate of .- This statement is incorrect because
is an exponential function which eventually grows faster than any linear function as increases.
- This statement is incorrect because
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Statement #2: The growth rate of
is greater than the growth rate of between approximately and .- This statement is also incorrect. Generally,
has a constant growth rate of 100 (the slope of the line), whereas grows at an increasing rate since it is an exponential function starting from and growing more rapidly as increases.
- This statement is also incorrect. Generally,
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Statement #3: While the growth rate of
is initially greater than the growth rate of , the growth rate of keeps increasing and, by , surpasses the growth rate of .- This statement is true. At small values of
, might appear to be increasing at a faster rate due to its linear nature, but because is exponential, it will eventually outpace as increases, and this point occurs somewhere after .
- This statement is true. At small values of
Therefore, the correct choice is:
Statement #3 is true.