If $10,000 is invested at an interest rate of 3.5% each year, what is the value of the investment in 7 years? Write an exponential function and solve.
A
y = 10000(1.035)-7 ;$7859.91B
y = 10000(1.035)7 ;$12,722.79C
y = 10000(7)1.035 ;$74,933.58D
y = 10000(.035)7 ;$64,339.30