TEKS.MATH.8.12C

The function y = 125(1.13)^x represents Mr. Gantz's recent investments where x is measured in years.  Which is NOT true?

• Mr. Gantz initial invested $125
• Mr. Gantz's money grows by 13% per year
• After 4 years Mr. Gantz will have about $203.81
• Mr. Gantz earns more money in year one than in year 5

Tags

TEKS.MATH.8.12C

A student used

 $f\left(x\right)=5.00\left(1.012\right)^x$   to show how the balance in a savings account will increase over time. What does the 5.00 represent?

• The interest the savings account earned the first year

• The annual interest rate of the savings account

• The number of years the savings account earned interest

• The starting balance of the savings account

Tags

TEKS.MATH.8.12C