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Type: Multiple-Choice
Category: Functions and Relations
Level: Grade 11
Standards: HSF-BF.A.1, HSF-BF.A.1a
Tags: HSF-BF.A.1, HSF-BF.A.1a,
Author: HTPhysics
Last Modified: a month ago

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Grade 11 Functions and Relations CCSS: HSF-BF.A.1, HSF-BF.A.1a

An investment of $1,000 grows by 5% each year. Write a recursive rule for the total value,

$V_n$ , after n years.

$V_n=1.05V_(n-1),V_0=0$
$V_n=1.05V_(n-1),V_0=1000$
$V_n=V_(n-1)+0.05,V_0=1000$
$V_n=1.5V_(n-1),V_0=1000$