The value of a building is rising by $10,000 per year and it is worth $500,000 today. This pattern of change is best described as:Question 2Select one:a.exponential growthb.linear decayc.exponential decayd.linear growthe.power growth
Question
The value of a building is rising by 500,000 today. This pattern of change is best described as:Question 2Select one:a.exponential growthb.linear decayc.exponential decayd.linear growthe.power growth
Solution
The pattern of change described in the question is best described as linear growth. This is because the value of the building is increasing by a constant amount ($10,000) each year. This is a characteristic of linear growth. In contrast, exponential growth would involve the value of the building increasing by a certain percentage each year. Therefore, the correct answer is d. linear growth.
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