Mathematics, 27.03.2021 01:00 Ashwaf23474

Ms. Dunn has a bank account. The balance in her account, y, can be shown in the following equation for x years. What is the growth rate? y= 3,520(1.035)^x A.3.5%
B.35%
C.1.035%
D.65%

Based on the previous problem, what does the "3,520" represent in the given equation?

A. the balance of Ms. Dunn's account in 3.5 years
B. the initial balance of Ms. Dunn's account
C. the growth factor/interest rate
D. the number of years

Answers: 3

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