100
For the following problems, state the initial quantity and the growth rate in percentage. Is the growth rate continuous?
a. P=5(1.07)^t
b. P=3.2e^(0.03t)
c. P=15e^(-0.06t)
What is
a. initial value: 5, growing 7%, not continuous
b. initial value: 3.2, growing 3%, continuous
c. initial value: 15, decaying 6%, continuous