Which model assumes a constant percent rate of growth?
A) Linear
B) Quadratic
C) Cubic
D) Exponential

Name: Which model assumes a constant percent rate of growth? A) Linear B) Quadratic C) Cubic D) Exponential
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Question

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An exponential model assumes a constant percent rate of growth, where the amount added at each step is proportional to the current amount. This is different from linear, quadratic, and cubic models which all have a constant amount added at each step, not a constant percentage increase.

Which Model Assumes a Constant Percent Rate of Growth