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Is the equation P = 500(1.03)n a model of growth or exponential decay? A. Growth B. Decay

Mathematics
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in this example \(b=1.03\) and since \(1.03>1\) it must be ....
clear or no?
i really dont know...lol fml

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Other answers:

sat, mind if i jump in here real fast?
if \(b>1\) it is growth if \(b<1\) it is decay
@andriod09 go nuts
haha. first, do you understand what exponetial growth/exponential decay is?
Haha I mean, on paper and when it's hands on learning...computer wise, nope.
that doesn't answer my question though, i asked if you knew what they were. do you or no?
well my question is closed, so it doesn't matter.

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