Q: A bank savings account that pays an interest rate based on the balance at the end of each month is an example of None of these
or
Q: An illustration of this would be a bank savings account that, at the end of each month, pays an interest rate determined by the balance. Not one of these
- Exponential growth or decay
- Arithmetic growth
- Proportionate or geometric growth
- Constant growth
Explanation: Proportionate or geometric growth occurs when a quantity grows by a percentage of its current value. In this case, the interest earned is a percentage of the account balance, leading to compounding growth over time. As the balance increases, the amount of interest earned also increases, resulting in exponential growth.
