PLEASE SOMEONE HELP ME Given an exponential function for compounding interest, A(x) = P(1.03)x, what is the rate of change? 0.03% 1.03% 3% 103%

asked Jul 10, 2019 141k views

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PLEASE SOMEONE HELP ME

Given an exponential function for compounding interest, A(x) = P(1.03)x, what is the rate of change?
0.03%
1.03%
3%
103%

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3 votes

Answer:

Explanation:

It is 3% more that 100, but it's rate of change, so it would be 3%, not 103%.

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