SAT Math Practice Question #21015 - SATify | SATify

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SAT Math Practice Question #21015 - SATify | SATify

#21015

exponential

applications

medium

90 sec

An initial investment of $5, 000$ grows by $10%$ each year. Which of the following represents the value of the investment, $V$ , in dollars $y$ years after the initial investment?

A.

$V = 5, 000 (0.10)^{y}$

B.

$V = 0.10 (5, 000)^{y}$

C.

$V = 5, 000 (1.10)^{y}$

D.

$V = 5, 000 (10)^{y}$