Question

You deposit $600 into an account that pays 6% interest compounded annually. Find the multiplier for the rate for exponential growth.
Select one:
a. 1.06
b. 1.60
c. 0.94
d. 0.875

Answer 1

A?

Answer 2

since it is in percent form..... you need to put it in decimal form...... hence 0.06....... now since it is an exponential growth.... u have to add a 1 to it.... so 1.06

Answer 3

so it was a

Answer 4

yup....