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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: 3 weeks ago

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

An initial investment of $5,000 earns 6% interest compounded annually. What is the function to model the investment after t years?
  1. [math]A(t) = 5000(1 + 0.06)^t[/math]
  2. [math]A(t) = 5000(1 - 0.06)^t[/math]
  3. [math]A(t) = 5000(1 + 0.6)^t[/math]
  4. [math]A(t) = 5000(0.06)^t[/math]
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