The table represents the amount of money in a bank account each month.


Month Balance ($)
1 3,600.00
2 3,960.00
3 4,356.00
4 4,791.60
5 5,270.76


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.