Answer:
The first and third options are the examples of exponential functions.
Step-by-step explanation:
When a quantity is compounded after a certain interval of time at a certain rate, then we can assume that the situation can be represented by an exponential function.
In the first option: An event organizer finds each year's attendance for the past five years is about [tex]\frac{4}{5}[/tex] of previous year's attendance.
So, here the total attendance is compounding every year by a factor [tex]\frac{4}{5}[/tex] of previous year's attendance.
Again, in the third case: The total population is increasing by about 7.5% each year.
Hence, the population is compounded every year by 7.5% of the previous year's population.
Therefore, the first and third options are examples of exponential functions. (Answer)
