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Kim started a savings account that can be modeled with A = 500*(1.035) what is the yearly percent increase according to the model? A. 3.5% B. 35% C. 5% D. 103.5% Please help

Kim started a savings account that can be modeled with A = 500*(1.035) what is the yearly percent increase according to the model? A. 3.5% B. 35% C. 5% D. 103.5% Please help
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5 votes
Kim started a savings account that can be modeled with A = 500*(1.035) what is the yearly percent

increase according to the model?
A. 3.5%
B. 35%
C. 5%
D. 103.5%
Please help

asked
User Kelly Austin
by
8.9k points

2 Answers

3 votes

Answer:

3.5

if you take 100 times 1.035 you get 103.5

answered
User First Zero
by
8.0k points
6 votes

Answer:

3.5% because 1.035 * 100 = 3.5

answered
User Willo
by
7.4k points
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