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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: 6 months ago

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

An initial investment of $10,000 earns 8% interest compounded annually. What is the function to model the investment after t years?

$A(t) = 10000(1 + 0.08)^t$
$A(t) = 10000(1 - 0.08)^t$
$A(t) = 10000(1 + 0.8)^t$
$A(t) = 10000(0.08)^t$