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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

If an initial investment of $5,000 earns 6% interest compounded monthly, what is the function to model this situation?

$A(t)=5000(1+0.06/12)^(12t$
$A(t)=5000(1-0.06/12)^(12t$
$A(t)=5000(1+0.6)^(12t$
$A(t)=5000(1+0.06/6)^(12t$