192k views
0 votes
Money in a bank account earning compound interest at an annual percentage rate of​ 3% is an example of exponential growth.

User Nowhere
by
7.9k points

1 Answer

0 votes
The statement makes sense because the money in the account grows by the same percentage, which is an example of exponential growth.
User Menardmam
by
7.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories