A new savings account is opened with $1500 and gains 1.5% annual interest.
What is the exponential function?


a. f(x)=1500(1+1.5)^x
b. f(x)=1500(1.00375)^x
c. f(x)=1500(1+0.015)^x
d. f(x)=1509(1.5)^x