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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: 8 months ago

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

An initial investment of $2,000 is placed in an account with 6% interest compounded annually. What is the function to model this investment after t years?

$A(t)=2000(1+0.06)^t$
$A(t)=2000(1-0.06)^t$
$A(t)=2000(0.06)^(-t$
$A(t)=2000(1+0.6)^t$