To determine whether the function \( f(x) = 4(0.72)^x \) represents exponential growth or decay, we need to examine the base of the exponent, which is \( 0.72 \).
-
Identify Growth or Decay:
- If the base (the number being raised to the power of \( x \)) is between 0 and 1, it indicates exponential decay.
- Here, \( 0.72 < 1 \), confirming that this function represents exponential decay.
-
Calculate the Percentage Rate of Change:
- In the case of exponential decay, the percentage rate of change can be calculated as \( (1 - \text{base}) \times 100% \).
- Here, the base is \( 0.72 \): \[ \text{Rate of Change} = (1 - 0.72) \times 100% = 0.28 \times 100% = 28% \]
Based on the analysis, the function \( f(x) = 4(0.72)^x \) represents exponential decay with a percentage rate of change of 28%.
Thus, the correct answer is:
C: Exponential decay; 28%