Question
How does
change over the interval from
to
?
decreases by a factor of 1.15
decreases by 1.15
increases by
increases by a factor of 1.15
How does
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Ask by Little Wheeler. in the United States
Jan 23,2025
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The Deep Dive
When evaluating the function
from
to
, it’s helpful to note that it’s a classic example of exponential growth. Specifically, this means that as
increases,
grows rather than decreases. If you plug in
and
into the function, you’ll find that
is definitely greater than
.
So the correct way to think about it is that
increases by a factor of 1.15 when moving from
to
. Just imagine a plant growing — each day, it doesn’t just grow a little; it tends to leap forward, much like our function here! It’s a perfect representation of how small rate changes can lead to significant growth over time, especially in finance or population studies.