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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.8a
Author: HTPhysics
Created: 8 months ago

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

An initial investment of $4,000 grows at a rate of 6% annually. What function models the value of the investment after t years?

$A(t)=4000(1−0.06)^t$
$A(t)=4000(1.06)^t$
$A(t)=4000(1.06)^(-t$
$A(t)=4000(1−0.06)^(-t$