Answer:
Exponential growth
4%
12
Step-by-step explanation:
Given the function :
f(n) = 12(1.04)^n
Part A: Is this a growth or decay exponential function?
The equation above is usually generally represented as :
F(n) = A(1 ± r)^n
Where F(n) = final amount after n years ; r = rate ; n = number of years
The function Given above is thus :
F(n) = 12(1 +0.04)^n
This is an exponential growth function because of the negative rate (+ 0.04)
Part B: What is the growth or decay percentage for this function
From the equation :
F(n) = A(1 + r)^n ; r = rate
Comparing F(n) = 12(1 +0.04)^n ; r = 0.04 = 0.04*100% = 4%
Part C: What does the y-intercept of the graph of the function f(n) represent?
The y intercept :
Value of F(n) when n = 0
F(n) = 12(1 +0.04)^n
F(n) = 12(1 +0.04)^0
Fn = 12(1)
Hence, intercept = 12