The equation P(t) = 504 (1.05)t  represents what kind of function?  Which one is it? Linear Exponential decay Exponential growth Constant

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 31E
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The equation P(t) = 504 (1.05)t  represents what kind of function?  Which one is it?

  • Linear
  • Exponential decay
  • Exponential growth
  • Constant
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