Answer: B.)Exponential growth because the base is greater than 1.
Explanation:
The exponential function [tex]y = (1.05)^x[/tex] is the same as [tex]y = 1*(1.05)^x[/tex]
It's in the form [tex]y = a*b^x[/tex] where b = 1.05 is the base of the exponential. This value being larger than 1 will mean y increases along with x. So we have exponential growth. If [tex]0 < b < 1[/tex], then we'd have exponential decay.
