What is the percent rate of change in function y=(0.96)^x? determine whether the function represents exponential growth or exponential decay?

a.) 4%, decay
b.) 4%, growth
c.) 0.4%, growth
d.) 0.04%, decay

4% decay

Therefore, option A is correct.

Step-by-step explanation:

We have been given a function:

Our general equation of exponential decay is:

On comparing the decay with general equation we get:

On simplification:

Hence, 4% decay

Therefore, option A is correct.

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step-by-step explanation:

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