Using the following table of a function that models exponential growth, determine the one-year growth factor (rounded to the nearest hundredth).
A) 1.32
B) 1.75
C) 0.87
D) 1.15
E) 0.76

Question

Using the following table of a function that models exponential growth, determine the one-year growth factor (rounded to the nearest hundredth). 
A) 1.32 
B) 1.75 
C) 0.87 
D) 1.15 
E) 0.76

Quizplus · Accepted Answer

The one-year growth factor is found by dividing the function value at year 1 by the function value at year 0. In this case, dividing 1.15 by 1 gives a growth factor of 1.15.

Using the Following Table of a Function That Models Exponential