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Leela received $1000 as a gift when she graduated high school 4 years ago. She deposited the money in a savings account that earns 6% interest per year. Which type of function does the amount of money in the bank represent?

Linear
Exponential
Quadratic
None of the above

1 Answer

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The right answer for the question that is being asked and shown above is that: "Exponential." The type of function does the amount of money in the bank represent is Exponential. Leela received $1000 as a gift when she graduated high school 4 years ago. She deposited the money in a savings account that earns 6% interest per year.
User Felipe Lema
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