Use the image to answer the question.
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 of the function?
(1 point)
Responses
As t increases, a decreases slowly at first and then quickly
As t increases, a decreases slowly at first and then quickly
As t increases, a increases quickly at first and then slowly
As t increases, a increases quickly at first and then slowly
As t increases, a increases slowly at first and then quickly
As t increases, a increases slowly at first and then quickly
As t increases, a decreases quickly at first and then slowly
The correct statement about the graph of the function is:
As t increases, a increases quickly at first and then slowly.