Another company's sales increase by the same percent each year. This growth is . . .
A) exponential
B) logarithmic
C) linear
D) power
E) quadratic

Name: Another company's sales increase by the same percent each year. This growth is . . . A) exponential B) logarithmic C) linear D) power E) quadratic
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Question

Quizplus · Accepted Answer

Exponential growth occurs when a quantity increases by a fixed percentage each year, leading to a multiplicative effect over time.

Another Company's Sales Increase by the Same Percent Each Year