Mathematics

Kenya Hopkins

18 May, 06:35

Consider the function y = 1.05 (x/12), which represents the growth of capital in a bank account.

The annual interest is %,

a. 12

b. 105

c. 1.05

d. 5

and the bank compounds the interest.

a. annually

b. continuously

c. daily

d. monthly

The balance of the account will grow __.

a. logarithmically

b. exponentially

c. asymptotically

d. linearly

+1

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