Given ‘y’ is the cost of an article. If the cost of the article increases by ‘x%’ every year from 1945 to 1990, then what is the formula for its cost after 45 years?
A. x {1 + (y/100)} ^ 45
B. y {1 + (x/100)} ^ 45
C. y {1 + (45x/100)}
Given ‘y’ is the cost of an article. If the cost of the article increases by ‘x%’ every year from 1945 to 1990, then what is the formula for its cost after 45 years?
A. x {1 + (y/100)} ^ 45
B. y {1 + (x/100)} ^ 45
C. y {1 + (45x/100)}