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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

Which of the following functions models an account that grows at 3% interest compounded quarterly with an initial investment of $1,000?
  1. A(t)=1000(1+0.03)4t
  2. A(t)=1000(1+0.0075)4t
  3. A(t)=1000(1+0.034)t
  4. A(t)=1000(1.03)t