Afunction is shown below: f(x) = (0.07)x what does the function represent? a. exponential growth of 7% b. exponential decay of 7% c .exponential growth of 93% d. exponential decay of 93%

Step-by-step explanation:

We are given an exponential function .

We know, the standard exponential function , where a is the initial value and b is growth factor.

If b is greater than 1, then it would be an Exponential growth and if  b is less  than 1, then it would be an Exponential decay.

Also b= 1+r,  where r is the rate of decay or growth.

For the given function , we can see than b= 0.07.

0.07 is less than 1.

Therefore, it would be an Exponential decay.

Now, let us find rate of decay.

1+r = 0.07.

Subtracting both sides by 1, we get

r = 0.07-1 = -0.93.

In percentage it would be 93%.

Therefore, correct option would be

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