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Exponential Growth & Decay (Illustrated Meaning)

Whenever a quantity increases by a certain percentage per unit time, this quantity is said to grow exponentially. Whenever a quantity decreases by a certain percentage per unit time, this quantity is said to decay exponentially. Interact with the following applet for a few minutes, then answer the questions that follow.

What value or values do/does the base have to assume in order for the function to GROW exponentially?

What value or values do/does the base have to assume in order for the function to DECAY exponentially?

What happens if base = 1?

Quick (Silent) Demo