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Type: Multiple-Choice
Category: Functions and Relations
Level: Grade 11
Standards: HSF-IF.C.8, HSF-IF.C.8b
Tags: HSF-IF.C.8 HSF-IF.C.8b
Author: HTPhysics
Created: 7 months ago

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Functions and Relations Question

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Grade 11 Functions and Relations CCSS: HSF-IF.C.8, HSF-IF.C.8b

An initial investment of $3,000 earns 4% interest compounded annually. What is the function to model the investment after t years?
  1. A(t)=3000(1+0.04)t
  2. A(t)=3000(1-0.04)t
  3. A(t)=3000(1+0.4)t
  4. A(t)=3000(0.04)t