2. You deposit $1200 into a bank account. Every year that accounts increase by 15 %.

a) Identify whether this an Exponential Growth or Decay function and write the equation of the

function

Question

Mathematics

Terrance Mullins

20 February, 20:50

2. You deposit $1200 into a bank account. Every year that accounts increase by 15 %.

a) Identify whether this an Exponential Growth or Decay function and write the equation of the

function

+3

Answers (1)

Know the Answer?

Kaelyn Sloan · Answer 1

Exponential Growth, 1200 (1.15)

Step-by-step explanation:

It is a Growth function because it is "increasing" yearly. The equation is multiplying with 1.15 because when it is increasing, you need to add 1 to the percentage rate.

2. You deposit $1200 into a bank account. Every year that accounts increase by 15 %.a) Identify whether this an Exponential Growth or Decay function and write the equation of thefunction

2. You deposit $1200 into a bank account. Every year that accounts increase by 15 %.

a) Identify whether this an Exponential Growth or Decay function and write the equation of the

function