6.1.12Question Help

Decide whether the following statement makes sense(or is clearlytrue) or does not make sense(or is clearlyfalse). Explain your reasoning.

Money in a bank account earning compound interest at an annual percentage rate of3% is an example of exponential growth.

Choose the correct answer below.

A.

The statement does not makes sense because the money in the account grows by the same absoluteamount, which is an example of linear growth.

B.

The statement makes sense because the money in the account grows by the samepercentage, which is an example of exponential growth.

C.

The statement makes sense because the money in the account grows by the same absoluteamount, which is an example of exponential growth.

D.

The statement does not make sense because the money in the account grows by the samepercentage, which is an example of linear growth.