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19 November, 09:15

A new savings account is opened with $1500 and gains 1.5% annual interest. What is the exponential function?

a. f (x) = 1500 (1+1.5) ^x

b. f (x) = 1500 (1.00375) ^x

c. f (x) = 1500 (1+0.015) ^x

d. f (x) = 1509 (1.5) ^x

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Answers (1)
  1. 19 November, 10:08
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    Answer: it's C
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