ECONOMICS (CBSE/UGC NET)

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ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following functions shows an initial amount of $15 compounded at a rate of 35% each year?
A
y = 15(35)x
B
y = 15(1.35)x
C
y = 15(0.35)x
D
y = 35(1.15)x
Explanation: 
There is 1 question to complete.
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