Question

A 2-column table with 6 rows. The first column is labeled years with entries 1, 2, 3, 4, 5, 6. The second column is labeled value(dollar sign) with entries 5,250; 5,512.50; 5,788.13; 6,077.54; 6,381.42; 6,700.49.
The data in the table represents the value of a savings account at the end of each year for 6 years. The relationship between the increasing years and the increasing value of the account is exponential.

There is
rate of change in an exponential relationship.

After each year, the value of the account is
times as large as the previous year.

Answer 1

There is a constant percent rate of change in an exponential relationship.

After each year, the value of the account is 1.05 times as large as the previous year (a 5% increase per year).