Math Problem Statement
What is the type of function y=100*1.1^x
Solution
The function is an exponential function.
In general, an exponential function has the form:
Where:
- is the initial value or starting point (in this case, ),
- is the base of the exponential, representing the growth or decay factor (in this case, ),
- is the exponent, which typically represents time or another independent variable.
Since is greater than 1, this represents exponential growth. The function describes a situation where the value of increases by 10% (since ) for every unit increase in .
Would you like more details or further clarification?
Here are some related questions to explore:
- What is the significance of the base in the function?
- How does the graph of an exponential function behave as increases or decreases?
- How can we determine the growth rate from an exponential function?
- What happens to the function if the base is less than 1?
- How do you solve for when is known in an exponential equation?
Tip: In an exponential function, the base determines if the function grows () or decays ().
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Math Problem Analysis
Mathematical Concepts
Exponential Functions
Growth and Decay
Formulas
y = a * b^x
Theorems
Exponential Growth Theorem
Suitable Grade Level
Grades 9-12