Answer:
a 3% (growth)
Step-by-step explanation:
-An exponential growth/decay function takes the form;
[tex]B=A(1+i)^x[/tex]
Where:
[tex]i[/tex] is the rate of growth/decay
[tex]A[/tex] is the initial quantity
[tex]B[/tex] is the final quantity
[tex]x[/tex] is time
Given the function [tex]g(x)=190,000\times1.03^x[/tex]
g(x) -is the amount at time x
190,000- the initial amount/quantity
1.03=(1+i)
i=1.03-1
i=0.03=3%
Hence, the rate of growth is 3%
