Exponential Function

The following are two different views of the same thing.

• Constant probability in a given interval of time = an exponential function
• Constant rate of growth = an exponential function.

Now given a fluctuating currency market where a steady 5% is charged to exchange money how much does the Casa do Cambio make?

A simple model would have a fixed exchange rate at 1:1.  Starting with 1000 USD and charging 5% how does the money grow with 1 transaction per day?

1. 1000
2. 1050
3. 1102.50
4. 1157.625
5. 1215.50
6. 1276.28
7. 1340.09
8. 1407.10
9. 1477.55
10. 1551,33