MATH QUIZ PLEASE HELP! 1. An account is gaining value at a rate of 4.94% per year. The account held $113 in 2005. Which statement is FALSE? *

1. The account had $124.44 in 2007.
2. The account gained more money from 2013-2015 than it did from 2005 to 2007.
3. The account gains $5.72 every year.
4. This relationship is an example of exponential growth.

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3. The account gains $5.72 every year

Step-by-step explanation:

We can clearly see from the graph that the first 2 answers are both true:

In 2007 (the "2" on the x axis) there was 124.44 dollars in the account, and it gained more money from 2013-2015 than from 2005-2007.

Because #2 is correct we know that #4 is also correct. Exponential growth means that the growth is not constant but steadily rises. So because there's more money gained in later years than in earlier years, we know this is true.

#3 However conflicts with #4. If it gains exactly $5.72 every year then that would not be exponential growth.

So by process of elimination you get option #3 as the false statement.

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