Question

Leela received $1000 as a gift when she graduated high school 4 years ago. She deposited the money in a savings account that earns 6% interest per year. Which type of function does the amount of money in the bank represent?
Linear
Exponential
Quadratic
None of the above

Answer 1

The right answer for the question that is being asked and shown above is that: "Exponential." The type of function does the amount of money in the bank represent is Exponential. Leela received $1000 as a gift when she graduated high school 4 years ago. She deposited the money in a savings account that earns 6% interest per year.