Question

Given an exponential function for compounding interest, A(x) = P(.82)x, what is the rate of change?

−18%

−8%

0.82%

82%

Answer 1

D= 82%

just easier to see when at the top ;)

Answer 2

we are given the exponential function expressed as A(x) = P(.82)x  and is asked in the problem the rate of change of the expression. In this case, the rate of change is 0.82 which is equal to 82 % in percentage. The answer hence to this problem is D. 82 %