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24-04-2019
Mathematics

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Megan invests $1,500 in a certificate of deposit. Each year the certificate of deposit earns 1.3% interest. Does this situation describe exponential growth or exponential decay? Explain your answer.

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sqdancefan sqdancefan

24-04-2019

Answer:

growth

Step-by-step explanation:

Since the value each year is more than that of the previous year, the situation can be described as *growth*.

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