The table represents the amount of money in a bank account each month.
Month Balance ($)
3,600.00
3,960.00
4,356.00
4,791.60
5,270.76
1
2
3
4
5
What type of function represents the bank account as a function of time? Justify your answer.
This is an exponential function because there is a common difference in the balance between the months.
This is an exponential function because there is a common ratio in the balance between the months.
This is a linear function because there is a common difference in the balance between the months.
This is a linear function because there is a common ratio in the balance between the months.