lincoln’s parents invested $5,000 in 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) = 5000(1.12)^t, where a is the amount after t years. Which one of the following statements is true about the graph function
The statement that is true about the graph of the function a(t) = 5000(1.12)^t is:
As t increases, the value of a(t) increases exponentially.