niwaiidyl115 niwaiidyl115

15-11-2018
Mathematics

contestada

PLEASE SOMEONE HELP ME
Given an exponential function for compounding interest, A(x) = P(1.03)x, what is the rate of change?
0.03%
1.03%
3%
103%

Respuesta :

chaloandy66 chaloandy66

15-11-2018

The rate is 3 percent

Answer Link

jfilewiczross jfilewiczross

08-07-2021

Answer:

3%

Step-by-step explanation:

It is 3% more that 100, but it's rate of change, so it would be 3%, not 103%.

Answer Link

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