Name: SAT Math Help & School Math Mastery
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#14059

exponential

applications

medium

75 sec

An initial investment of $10,000 earns interest at a rate of $4.5%$ per year, compounded annually. Which equation represents the value of the investment, $A$ , after $t$ years?

A.

$A = 10, 000 (4.5)^{t}$

B.

$A = 10, 000 (1.045)^{t}$

C.

$A = 10, 000 + 0.045 t$

D.

$A = 10, 000 (0.955)^{t}$