Question

Which of the following is an example of exponential growth?
A. Investing $1,000 at an annual interest rate of 3%, compounded monthly
B. A bacterial culture increases by 1,000 bacteria per day
C. The height of a tree increases by 2 feet each year
D. Water drips into a bucket at a rate of 2 pints each minute

Answer 1

An example of an exponential function is given as follows:

A. Investing $1,000 at an annual interest rate of 3%, compounded monthly.

What is an exponential function?

An increasing exponential function is modeled by:

$A(t) = A(0)(1 + r)^t$

In which:

• A(0) is the initial value.

• r is the growth rate, as a decimal.

As we saw above, the rate of change is a percent, and in this problem, only option A has a rate of change as a percent, hence it is an exponential function.

More can be learned about exponential functions at https://brainly.com/question/25537936

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