The function that shows an initial amount of $15 and an increase of 35% each year will be given by the compound interest formula.
[tex]\rm A = 15 \times (1.35 ) ^t[/tex]
Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
An initial amount of $15 and an increase of 35% each year.
Then the final amount will be given as
[tex]\rm A = P(1 + r)^t[/tex]
Where
A = amount
P = Principal
r = rate of interest
t = time (in years)
But we have
P = $15
r = 0.35
Then we have
[tex]\rm A = 15 \times (1.35 ) ^t[/tex]
More about the compound interest link is given below.
https://brainly.com/question/25857212
