Is the equation A=27500(0.73)t

Question

a model of exponential growth or exponential decay, and what is the rate
of change per time period?(1 point)
Responses

exponential growth and 27%
exponential growth and 27%

exponential growth and 73%
exponential growth and 73%

exponential decay and 27%
exponential decay and 27%

exponential decay and 73%

Answer 1

The equation A=27500(0.73)t is a model of exponential decay, and the rate of change per time period is 27%.