Exponential functions can either represent growth or decay.
Part A:
The function is given as:
[tex]f(x) = 1264(1.09)^x[/tex]
The above function is an exponential function.
An exponential function is represented as:
[tex]f(x) = ab^x[/tex]
Where b represents the rate.
When b > 1, then the function is increasing
By comparison:
[tex]b = 1.09[/tex]
1.09 is greater than 1
Hence, the amount of money in account A is increasing.
Part B:
Divide any two concurrent values on the table, to determine the rate of the table.
So, we have:
[tex]b = \frac{1512.50}{1375}[/tex]
[tex]b = 1.10[/tex]
By comparison:
1.10 is greater than 1.09 (the rate of account A).
Hence, account B records a greater percentage change in the amount of money
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