Use the image to answer the question Lincoln's parents invested $5,000 in a college savings account when he was born. If the account has a growth rate of 12%, the situation can be modeled by the equation a(t)= 5,000(1.12)t , where a is the amount after t years. Which one of the following statements is true about the graph of the function? Option #1: As t increases, a increases slowly at first and then quickly. Option #2: As t increases, a increases quickly at first and then slowly. Option #3: As t increase, a decreases slowly at first and then quickly Option #4: As t increases, a decreases quickly at first and then slowly. (1 point) Option # is the true statement.

Question

Use the image to answer the question Lincoln's parents invested $5,000 in a college savings account when he was born. If the account has a growth rate of 12%, the situation can be modeled by the equation a(t)= 5,000(1.12)t , where a is the amount after t years. Which one of the following statements is true about the graph of the function? Option #1: As t increases, a increases slowly at first and then quickly. Option #2: As t increases, a increases quickly at first and then slowly. Option #3: As t increase, a decreases slowly at first and then quickly Option #4: As t increases, a decreases quickly at first and then slowly. (1 point) Option # is the true statement.

Answer 1