Respuesta :
Answer:
Option B = -9%
Step-by-step explanation:
Given : Given an exponential function for compounding interest, [tex]A(x) = P(.91)^x[/tex]
To find : What is the rate of change?
Solution :
The general form of the exponential function is [tex]f(x)=a(1+r)^x[/tex]
Where,
r is the rate of change
if r> 1 then it is growth rate
if r< 1 then it is decay rate.
Comparing given function with exponential function,
[tex]A(x) = P(.91)^x[/tex]
[tex]1+r=0.91[/tex]
[tex]r=0.91-1[/tex]
[tex]r=−0.09[/tex]
It is a decay rate.
Convert into percentage, multiply with 100
[tex]-0.09\times 100=-9\%[/tex]
Therefore, Option B is correct.
The rate of change is -9%.
