grace2245 grace2245

20-02-2017
Mathematics

Answered

Given an exponential function for compounding interest, A(x) = P(1.01)x, what is the rate of change?

A0.01%
B1%
C1.01%
D10%

Verified Answer :

cat2211 cat2211

02-03-2017

The answer to this question is B. 1%

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14-07-2018

the answer is 1%.

just took a test online and this was a question on it.

hope this helps :D

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