How do you determine if the equation #y=0.25(1.03)^5# represents exponential growth or decay?
If b in
In general, assuming if the exponent is positive, as long as the inner number is greater than 1, it will grow exponentially. To put this differently:
Assume an exponential function
In the case of
I am assuming in this case that 5 is a placeholder for x or whatever variable it is supposed to represent.