Decide whether the function is an exponential growth or exponential decay function, and find the constant percentage rate of growth or decay. (5 points) f(x) = 2063 ⋅ 0.9953x exponential decay function; -0.47% exponential decay function; 0.0047% exponential growth function; 0.0047% exponential growth function; -0.47%

When x increases by 1, f(x) decreases to 0.9953 of its previous value, a decrease of 0.47%.

The first selection is appropriate:

... Exponential decay function; -0.47%

B. Exponential decay function; 0.0047%

Step-by-step explanation:

We have been given an exponential function . We are asked to find the constant rate of growth or decay.

We know that an exponential function is in form , where,

a = Initial value,

For growth b is in form and for deacy b is in form .

Since b is less than 1, so our given function is an exponential decay function.

Therefore, our given function is an exponential decay function and option B is the correct choice.