Month money 1 $500 2 $525 3 $551.25 4 $578.81 the table shows the relationship between the amount of money in a bank account at the end of each month. determine whether it's a growth or decay and whether it grows or decays by a constant percent. a) decays by percent that varies b) decays by a constant percent c) grows by percent that varies d) grows by a constant percent

"Grows by a constant percent."

Step-by-step explanation:

5% of 500 is 25 = 525

5% of 525 is 26.25 = 551.25

5% of 551.25 is 27.56 = 578.81

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correct answers below:

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of