Question: 1. A certain quantity has an initial value of 40 and grows at a rate of 3% per year. Give an exponential function that

1. A certain quantity has an initial value of 40 and grows at a rate of 3% per year. Give an exponential function that describes this quantity. 2. A certain quantity has an initial value of 10 and decays by 3% per year. Give an exponential function that describes this quantity. 3. A quantity increases by 5% for each of 10 years. What is its percentage increase over the 10-year period?

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