Determine whether the growth (or decay)is linear or exponential, and answer the associated question.
-During the worst periods of inflation in America, the price of food increased at a rate of 10% per month. If your food bill was $400 one month during this period, what was it two months later?
A)Exponential; $484.00
B)Linear; $880.00
C)Exponential; $441.00
D)Linear; $480.00

Question

Quizplus · Accepted Answer

The growth is exponential because the price increases by a percentage (10%) each month. After two months, the bill is $400 * 1.10 * 1.10 = $484.00.

Determine Whether the Growth (Or Decay)is Linear or Exponential, and Answer