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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

Ask by Little Wheeler. in the United States
Jan 23,2025

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increases by a factor of 1.15

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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.

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