Leticia invests $200 at 5% interest. If y represents the amount of money after x time periods, which describes the graph of the exponential function relating time and money?The initial value of the graph is 200. The graph increases by a factor of 1.05 per 1 unit increase in time.The initial value of the graph is 200. The graph increases by a factor of 5 per 1 unit increase in time.The initial value of the graph is 500. The graph increases by a factor of 2 per 1 unit increase in time.The initial
Sample Response: If the base of the exponent were 1, the function would remain constant. The graph would be a horizontal line. If the base of the exponent were less than 1, but greater than 0, the function would be decreasing.
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