Question #6402091Single Choice

Math

Question

Of the following four types of savings account plans, which option would yield exponential growth of the money in the account?

Each successive year, 2% of the initial savings is added to the value of the account.

Each successive year, 1.5% of the initial savings and $100 is added to the value of the account.

Each successive year, 1% of the current value is added to the value of the account.

Each successive year, $100 is added to the value of the account.

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