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Decide whether the following statement makes sense(or is clearlytrue) or does not make sense(or is clearlyfalse). Explain your reasoning. Money in a bank account earning

Decide whether the following statement makes sense(or is clearlytrue) or does not make sense(or is clearlyfalse). Explain your reasoning.

Money in a bank account earning compound interest at an annual percentage rate of3% is an example of exponential growth.

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