Answer:
Loan is increasing
Rate = 8% per year
Step-by-step explanation:
[tex]h(x) = 5000.(1.08) ^{x} \\ \\ \implies \: h(x) = 5000.(1 + 0.08) ^{x} \\ \\ \implies \: h(x) = 5000.(1 + 8 \%) ^{x} [/tex]
Since, rate of interest is positive, so loan in increasing.
Rate = 8 percent per year
