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Mathematics, 17.03.2020 22:30 schvox

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The functions below represent 2 investment options.

Plan A: y=350(1.10)^x
Plan B: y= 10x+600

Which of the following is a true statement?

A. Plan B will have larger account balance over time because it is linear growth.

B. Plan B will always have a larger account balance because you start with a larger initial value.

C. Plan A will have a larger balance over time because it is exponential growth.

D. Plan A and B are growing at the same rate because 10% per year is the same thing as $10.00 per year.

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The functions below represent 2 investment options.
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