Question

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

A. 0.01%
B. 1%
C. 1.01%
D. 10%

Answer 1

the answer is 1%.

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

hope this helps :D

Answer 2

The answer to this question is B. 1%