Determine the models that could represent a compound interest account that is growing exponentially.

Select all the correct answers.

A (t) = 2,675 (1.003) 12t

A (t) = 4,170 (1.04) t

A (t) = 3,500 (0.997) 4t

A (t) = 5,750 (1.0024) 2t

A (t) = 1,500 (0.998) 12t

A (t) = 2,950 (0.999) t

Answer:A (t) = 2,675 (1.003) 12t

A (t) = 4170 (1.04) t

A (t) = 5750 (1.0024) 2t

Step-by-step explanation:Exponential growth is also called growth percentage.

It is calculated using 100% of the original amount plus the growth rate. Example if the amount grows by 5% yearly. 5%=0.05

It is written thus (1+0.005) = 1.05.

It is usually written in decimal.

The formular for compound interest that is growing exponentially is written as

A=P (1 + i) ^N

Looking at the 5 A (t) equations, only 3 of it are growing exponentially.