Each year the value of an investment increases by 2.5% of the previous year's value. The initial value of
the investment was $500. Which equation gives the
value of the investment y, in dollars, x years after the
initial investment was made?
A) y = 500(0.25)
B) y = 500(1.025)
C) y = 500(1.25)*
D) y = 500(2.5)*