Given the following exponential function, identify whether the change growth or decay, and cretermine the percentage rate of increase or dec
\[
y=880(0.99)^{x}
\]
Answer Attempt 1 out of 2
Growth
$\%$ increase
Submit Answer
Answer
Final Answer: The function represents exponential decay with a rate of \(\boxed{1\%}\).
Step 1 ：The given function is an exponential function of the form \(y = ab^x\), where \(a = 880\) and \(b = 0.99\).
Step 2 ：Since the base \(b\) is less than 1, this function represents exponential decay, not growth.
Step 3 ：The rate of decay is calculated as \(1 - b = 1 - 0.99 = 0.01\) or 1%.
Step 4 ：Therefore, the function represents a 1% rate of decay.
Step 5 ：Final Answer: The function represents exponential decay with a rate of \(\boxed{1\%}\).
