Give an exponential function for compounding interest A(x) = p(1.01), what is the rate of change
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
So looking at what I have provided, do you know what your answer should be?
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