Functions and Relations Question
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Grade 9 Functions and Relations CCSS: HSF-LE.B.5
Shawn put some money into an account that earns simple interest according to the function A(t)=1000⋅(1+0.015t), where A is the amount of money in the account after t years. What does the value 1,000 represent?
- The total value of money in the account after t years.
- The interest earned after t years.
- The initial investment.
- The interest rate, as a percent.