Given an exponential function for compounding interest, a(x) = p(.77)x, what is the rate of change?

23%

Step-by-step explanation:

The exponential decay function is given by :-

, where b is the initial amount , r is the rate of change in x years.

For the given exponential function for compounding interest,

It can be written as :-

When we compare this equation with the standard equation of exponential decay function we get,

r = 0.23

In percent, the rate of change=

y=mx+b

step-by-step explanation:

m slope, b y-intercept