Name: SAT Math Help & School Math Mastery
Availability: InStock

Loading...

#31285

applications

exponential

hard

90 sec

An investment of $5,000 is made into an account that earns 4% annual interest, compounded quarterly. Which of the following functions models the value of the investment, $A (t)$ , in dollars, after $t$ years?

A.

$A (t) = 5, 000 (1.04)^{t}$

B.

$A (t) = 5, 000 (1.01)^{t}$

C.

$A (t) = 5, 000 (1.01)^{4 t}$

D.

$A (t) = 5, 000 (1.04)^{4 t}$