To find the growth or decay rate of the exponential model f(x) = 2000(0.005)^x, we examine the base of the exponential function, which is 0.005.
If the base is between 0 and 1, the function represents exponential decay, and the growth or decay rate is the absolute value of the base.
In this case, the base is 0.005, which is between 0 and 1. Therefore, the function represents exponential decay.
The decay rate is the absolute value of the base, which is 0.005.
So, the growth or decay rate of the given exponential model is 0.005, indicating that the function decreases by a factor of 0.005 for each unit increase in x.
