Question

Determine the models that could represent a compound interest account that is growing exponentially.

Answer 1

Answer:A(t)= 2,675(1.003)12t

A(t)=4170(1.04)t

A(t)=5750(1.0024)2t

Step-by-step explanation:Exponential growth is also called growth percentage.

It is calculated using 100% of the original amount plus the growth rate . Example if the amount grows by 5% yearly.5%=0.05

It is written thus(1+0.005)=1.05.

It is usually written in decimal.

The formular for compound interest that is growing exponentially is written as

A=P (1 + i)^N

Looking at the 5 A(t) equations,only 3 of it are growing exponentially.