Question

Give an exponential function for compounding interest A(x) = p(1.01), what is the rate of change

Answer 1

A: initial amount
b: rate of change
x: independent variable.
We then have the following function:
A (x) = P (1.01) ^ x

The exchange rate is:
(1.01 - 1) * 100 = 0.01 * 100 = 1

Answer 2

So looking at what I have provided, do you know what your answer should be?