Question

Given an exponential function for compounding interest, ( A(x) = P(195)^x ), what is the rate of change?

- A. -0.05%
- B. 0.95%
- C. -5%
- D. 0.95%

Answer 1

The rate of change of an exponential function for compounding interest is equal to the exponent in the function. In this case, the rate of change is 195.

Step-by-step explanation:

The rate of change of an exponential function for compounding interest is equal to the exponent in the function. In this case, the rate of change is 195. Therefore, the correct answer is C. -5%.