SOLUTION: Which function is increasing more quickly? y=300(1.05)^x and y=300(1.15)^x

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Question 1157468: Which function is increasing more quickly?
y=300(1.05)^x and y=300(1.15)^x
Answer by ikleyn(52803) About Me  (Show Source):
You can put this solution on YOUR website!
.

First function says that the money at your account increase every year by the factor 1.05.


The second function says that the money at your account increase every year by the factor 1.15.


Is the answer clear to you now ?



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Comment from student:   So the one that is increasing more quickly would be 1.15
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My response :   Sure.

Absolutely correct  (!)