The beginning balance on the monthly bank statement for ians checking account was $289.37 and the ending balance was $409.28, wh
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Using exponential function concepts, it is found that the second function has a greater rate, as 0.8 > 0.2.
<h3>What is an exponential function?</h3>It is modeled by:
In which:
- a is the initial value, that is, y when x = 0.
- b is the rate of change, as a decimal.
Function 1 is given by:
Hence the rate is b = 0.2.
Considering the values on the table, function 2 is given by:
Hence the rate is b = 0.8.
Hence, the second function has a greater rate, as 0.8 > 0.2.
More can be learned about exponential function concepts at brainly.com/question/14398287