Question

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

Answer 1

Answer:

3.5% because 1.035 * 100 = 3.5

Answer 2

Answer:

3.5

if you take 100 times 1.035 you get 103.5