State Whether the Function Is an Exponential Growth Function or Exponential

question 144

Multiple Choice

State whether the function is an exponential growth function or exponential decay function, and describe its end
behavior using limits.
- $$f ( x ) = 96 x$$

• A) Exponential growth function; \(\lim _ { x \rightarrow \infty } f ( x ) = \infty ; \lim _ { x \rightarrow \infty } f ( x ) = 0\)
• B) Exponential decay function; \(\lim _ { x \rightarrow \infty } f ( x ) = \infty ; \lim _ { x \rightarrow \infty } f ( x ) = 0\)
• C) Exponential decay function; \(\lim _ { x \rightarrow \infty } f ( x ) = 0 ; \lim _ { x \rightarrow \infty } f ( x ) = \infty\)
• D) Exponential growth function; \(\lim _ { x \rightarrow \infty } f ( x ) = 0 ; \lim _ { x \rightarrow \infty } f ( x ) = \infty\)

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Definitions:

Interest Earned

The amount of money gained on an investment or savings account over time due to applied interest rates.

Interest Rate

The percentage at which interest is paid by borrowers for the use of money that they borrow from a lender.

Maturity Value

The amount that will be received at the end of a fixed income investment period, such as bonds or certificates of deposit.

Invested

The process of investing funds or capital into a project anticipating the generation of extra income or gains.