Answer:
GROWTH
Step-by-step explanation:
Given the Exponential function;
A=10*[tex]1.01^{3}[/tex]
As we can see in the given function above:
the base number is 1.01 which is greater than 1 hence the quantity increases,
slowly at first and then very rapidly over its domain. The rate of growth becomes faster as time passes.
The growth "rate" (r) is determined as b = 1 + r.
In this situation, the rate growth is = 1.01 -1 = 0.01
Hope it will find you well.
