Consider the situations.
i. The value of an investment increases by $30 every year.
ii. The value of an investment decreases by 10% every year.
In which situation(s) is (are) the investment(s) changing at a constant rate?
both i and ii
only i
only ii
neither i norii
If the value is changing by a certain dollar amount every year, this means it is a constant rate of change. If it is changing by a certain percentage every year, this means it is changing at a non uniform, specifically exponential, rate.
