during the worst period of hyperinflation in a certain country, the price of food increase at a rate of 25% per month. State whether this increase was linear or exponential?

Question

Mathematics

Barrett Herring

24 July, 18:59

during the worst period of hyperinflation in a certain country, the price of food increase at a rate of 25% per month. State whether this increase was linear or exponential?

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Answers (2)

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Lilia · Answer 1

Exponential

Step-by-step explanation:

Linear growth occurs when a quantity grows by the same absolute amount in each unit of time

Exponential growth occurs when a quantity grows by the same relative amount, that is, by the same percentage in each unit of time

Thus according to the defined terms during the worst period of hyperinflation in a certain country, the price of food increase at a rate of 25% per month is exponential ...

Mohammed Quinn · Answer 2

Exponential increase.

Step-by-step explanation:

Hi, to answer this question we have to analyze the information given:

During the worst period of hyperinflation in a certain country, the price of food increase at a rate of 25% per month.

So, we are increasing by a factor (1.25 or 125% every month), because we have that increase by a factor and not by a constant number, that increase is an exponential increase.

Feel free to ask for more if needed or if you did not understand something.