Answer:
Exponential Growth, 1200(1.15)
Step-by-step explanation:
It is a Growth function because it is "increasing" yearly. The equation is multiplying with 1.15 because when it is increasing, you need to add 1 to the percentage rate.
$1 = 3.70 rands
$450 is simply 450 times $1, so multiply the conversion equation above by 450 on both sides.
450 * $1 = 450 * 3.70 rands
$450 = 1665 rands
It is unlikely is the expected answer. (<em>c</em><em>o</em><em>r</em><em>r</em><em>e</em><em>c</em><em>t</em><em> </em><em>o</em><em>n</em><em>e</em><em>)</em>
Hope this helps.
Answer: it has a 20% increase
