Given an exponential function for compounding interest, A(x) = P(1.01)x, what is the rate of change? A. 0.01% B. 1% C. 1.01% D. 10%

asked Nov 22, 2018 193k views

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Given an exponential function for compounding interest, A(x) = P(1.01)x, what is the rate of change?

A. 0.01%
B. 1%
C. 1.01%
D. 10%

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4 votes

the answer is 1%.

just took a test online and this was a question on it.

hope this helps :D

Mager answered Nov 25, 2018

by Mager

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6 votes

The answer to this question is B. 1%

Heyfrank answered Nov 27, 2018

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