Which of the following functions has an exponential growth of 3%?
A. f(x) = 1500(0.03)^x
B. f(x) = 2500(3)^x
C. f(x) = 975(1.03)^x
D. f(x) = 300(0.97)^x
C because when we write exponential growth equations we do a(1+r)^x. 3 percent is 0.03. 1+0.03 is 1.03. Only C has the growth rate what we want. You are welcome :)
