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

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.