Derrick has $1,000 in a savings account that ears 15% interest, compounded monthly. To the nearest
cent, how much will he have in 2 years?

1,347.35

just took it on a quizziz for class lol, btw there’s a website to calculate it :)

A

Step-by-step explanation:

answer: the common difference is -0.10

the correct answer is b. negative exponential growth.

step-by-step explanation:

you can tell it's an exponential function because it decreases rapidly then levels out and never touches the x-axis.

it is negative because the y-axis decreases as the x-axis increases.

therefore it is a negative exponential growth graph.

hope i !