SAT Math Practice Question
Of the following four types of savings account plans, which option would yield exponential growth of the money in the account?
- A.Each successive year, $2 \%$ of the initial savings is added to the value of the account.
- B.Each successive year, $1.5 \%$ of the initial savings and $\$ 100$ is added to the value of the account.
- C.Each successive year, $1 \%$ of the current value is added to the value of the account.
- D.Each successive year, $\$ 100$ is added to the value of the account.
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