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Type: Multiple-Choice
Category: Exponents
Level: Grade 11
Standards: HSF-IF.C.8, HSF-IF.C.8b
Tags: HSF-IF.C.8 HSF-IF.C.8b
Author: HTPhysics
Created: 9 months ago

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Grade 11 Exponents CCSS: HSF-IF.C.8, HSF-IF.C.8b

If $5,000 is invested at 8% interest compounded semi-annually, what function models the investment after t years?

$A(t)=5000(1+0.08)^(2t)$
$A(t)=5000(1+0.08/2)^(2t)$
$A(t)=5000(1+0.04)^(2t)$
$A(t)=5000(1+0.08)^(t)$