Select the correct answer.
The table shows the balance of an investment account at the beginning of each year the account was held. Assuming no other deposits have been
made to the account, which statement describes the account's growth?
Year 1- $1,200.00
Year 2- $1,260.00
Year 3- $1,323.00
Year 4- $1,389.15
A.
The account is growing exponentially at an annual interest rate of 10.25%.
B.
The account is growing linearly at an annual interest rate of 5.00%
C.
The account is growing exponentially at an annual interest rate of 5.00%.
D.
The account is growing linearly at an annual interest rate of 10.25%.
E.
The account is growing exponentially at an annual interest rate of 15.76%.
Does anyone happen to understand this? I don’t get it?