Answer:
The statement provided is True.
Step-by-step explanation:
The exponential function representing growth is given as follows:
[tex]y=y_{0}\cdot e^{kt}[/tex]
Here,
y = final value
y₀ = initial value
k = growth rate
t = time passed
As the function [tex]e^{x}[/tex] is increasing, then the exponential function representing growth is also increasing.
Thus, the statement provided is True.
