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I think I'm right actually but I also need help with decay factor - would it be like 1-the percentage as a decimal?
What are the growth and decay factors defined as?
growth increases decay(decrease) factor is the first number in the exponential I think
so for example if I have a percent of like 21 the decay factor is 1-0.21 which is 0.79 is that right?
Do you have a defining equation?
No these are just scenarios and I have to find what the growth factor is and decay factor.
i dont have to do any equations there's none of that
did I do those right or no?
Calculate those numbers and draw a graph.
I don't need to do all that I don't think. I just needed to find the decay factor and growth factor and I am sure they are 0.065 and 0.79.
The graph will show by what factor the money is growing :-)
yeah so I'm right then.