Register
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.
39.8k views
2 votes
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.

User Azodium
by
5.0k points

1 Answer

1 vote

Answer:

growth

Explanation:

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

User Brock Brown
by
5.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.8m answers

Other Questions

What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
I need to simplify this expression.
Need answer to math problem!!!​
Which property is shown in the problem below? -8(x-3y-9) = -8x+24y+72 A the associative property B the commutative property C the distributive property D the division property ASAP
Link Copied!