Question

Given an exponential function for compounding interest, A(x) = P(1.04)x, what is the rate of change?

0.04%
1.04%
104%
4%

Answer 1

the number after then 1

Answer 2

well, not as a percent, as a decimal
to turn it in to a percent, move the decimal place two spots right

Answer 3

clear or no?

Answer 4

yes thank you

Answer 5

yw