A new savings account is opened with $1500 and gains 1.5% annual interest. What is the exponential function?
a. f (x) = 1500 (1+1.5) ^x
b. f (x) = 1500 (1.00375) ^x
c. f (x) = 1500 (1+0.015) ^x
d. f (x) = 1509 (1.5) ^x
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