Algebra 2 Common Core

$\text{exponential decay;}$ $y$-intercept = $3$
Recall: The exponential function $y=c \cdot b^x$ involves: (1) an exponential growth if $b\gt1$. (2) an exponential decay if $0\lt b \lt1$. The given exponential function has $b=0.25$, which is less than $1$. Thus, the function is an example of exponential decay. The $y$-intercept of an exponential function can be found by setting $x=0$ then solving for $y$. Hence, the $y$-intercept of the given function is: \begin{align*} y&=3(0.25^0)\\ y&=3(1)\\ y&=3 \end{align*}