Select the correct answer. The table shows the balance of an Investment account at the beginning of each year the account was held. Assuming
deposits have been made to the account, which statement describes the account's growth?
Year
Account
Balance
1
$500.00
2
$510.00
3
$520.20
o
The account is growing linearly at an annual interest rate of 4.04%.
The account is growing exponentially at an annual interest rate of 4.04%.
The account is growing linearly at an annual interest rate of 2.00%.
The account is growing exponentially at an annual interest rate of 2.00%.