The exponential function given is \( y = 150(1.07)^{t3} \).
The key part to note here is the base of the exponent, which is \( 1.07 \).
- A base greater than 1 indicates growth.
- In this case, the growth rate can be found by taking the base minus 1: \( 1.07 - 1 = 0.07 \) or 7%.
Therefore, the correct statement would be:
The function has a constant percent rate of growth of about 7%.
However, since that option is not included in your provided responses, the closest related statement regarding the function that we have can be summarized as:
- It does not have decay, thus eliminating those options.
- The option that might seem closest is that the function has a constant percent rate of growth of about 2%, but this is misleading.
Make sure to check over the options provided as it seems they do not accurately reflect the correct growth rate from the function you provided.