Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease. y=3100(0.365)^x

Growth

% increase

Decrease of 63.5%.

Step-by-step explanation:

Exponential function:

An exponential function has the following format:

In which y(0) is the initial value and r is the rate of change, as a decimal. If r is positive, it is a increase. If it is negative, it is a decrease.

In this question:

We have that:

So

So a decrease of 63.5%.

$2,703.06

step-by-step explanation:

add: $2,687.44+ $2,613.09+$2,808.64= $8,109.17

divide by 3 because you added 3 numbers.

$8,109.17/3=

answer: $2,703.06

answer: 2530

hope this