\begin{tabular}{l} How does \( f(t)=1.15^{t} \) change over the interval from \( t=4 \) to \( t=5 \) ? \\ \( f(t) \) decreases by a factor of 1.15 \\ \( f(t) \) decreases by 1.15 \\ \( f(t) \) increases by \( 115 \% \) \\ \( f(t) \) increases by a factor of 1.15 \\ \hline\end{tabular}
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The Deep Dive
When evaluating the function \( f(t)=1.15^{t} \) from \( t=4 \) to \( t=5 \), it’s helpful to note that it’s a classic example of exponential growth. Specifically, this means that as \( t \) increases, \( f(t) \) grows rather than decreases. If you plug in \( t=4 \) and \( t=5 \) into the function, you’ll find that \( f(5) = 1.15^{5} \) is definitely greater than \( f(4) = 1.15^{4} \). So the correct way to think about it is that \( f(t) \) increases by a factor of 1.15 when moving from \( t=4 \) to \( t=5 \). 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.