Determine Whether the Growth (Or Decay)is Linear or Exponential, and Answer

question 47

Multiple Choice

Determine whether the growth (or decay) is linear or exponential, and answer the associated question.
-The price of computer memory is decreasing at a rate of 14% per year. If a memory chip costs $90 today, what will it cost in two years?

• A)Linear; $64.80
• B)Exponential; $66.56
• C)Linear; $115.20
• D)Exponential; $77.84

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Definitions:

Common Law

A legal system based on precedent and court decisions rather than written laws or statutes.

Liability

A legal obligation or responsibility for any debt or damages.

Securities Exchange Act of 1934

A U.S. federal law that regulates the trading of securities, such as stocks and bonds, after the initial sale.

Good Faith Negligence Standard

A legal principle requiring individuals to act with honesty and without intent to defraud in situations where negligence is alleged.