Answer: B. 130% increase
Step-by-step explanation:
Given function :
If x represents the number of years, we have to determine the two values of y in consecutive terms to determine if the value of y increases or decreases after a year.
This function is equivalent to the exponential growth function
, where A=0.35 and (1+r)=2.3, [A= initial amount , r=annual percent increase]
Thus,
Hence, the annual percent increase is 130%.
