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olasank [31]
3 years ago
13

Megan invests $1,500 in a certificate of deposit. Each year the certificate of deposit earns 1.3% interest. Does this situation

describe exponential growth or exponential decay? Explain your answer.
Mathematics
1 answer:
DerKrebs [107]3 years ago
7 0

Answer:

growth

Step-by-step explanation:

Since the value each year is more than that of the previous year, the situation can be described as *growth*.

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