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Money in a bank account earning compound interest at an annual percentage rate of​ 3% is an example of exponential growth.

Money in a bank account earning compound interest at an annual percentage rate of​ 3% is an example of exponential growth.
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Money in a bank account earning compound interest at an annual percentage rate of​ 3% is an example of exponential growth.

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The statement makes sense because the money in the account grows by the same percentage, which is an example of exponential growth.
User Menardmam
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