Answer B
Step-by-step explanation:
I took the test and got it right
The geometric sequence is a sequence in which the proceeding number is equal to the preceeding number multiplied by a ratio. The expression that represents this sequence is an = a1*r^(n-1) where r is the ratio and n is an integer. This type of formula is exponential
It's not compounded interest, you just get $3.20 every year.
$100 * 0.032 = $3.20
$3.20 * 3 years = $9.60