iven the three statements below, identify which represent exponential equations. 1. The cost of living allowance for state employees increases salaries by 3.1% each year 2. The value of an investment is increasing by $300 each year 3. Tuition costs have increased by 2.8% each year for the last 3 years. ooking at the following two equations that represent the balance in two different avings accounts, which account is growing faster, and which account will have a higher balance after 3 years? A = 1,000(1.05)* B = 900(1.075)* Complete the table. The first one has been done for you. Equation y = 615(0.79)* y = 500(1.03)* y = 3,200 (1.2)* y = 19,611(0.98)* Initial Value 615 Growth or Decay Rate (as a %) Decay 21% 50 Growth 12%