asked 31.0k views
18 votes
You invest $1,000 into your retirement account. Your money earns 12% per year (in other words, your money grows 12% per year). What exponential function below represents this situation?

You invest $1,000 into your retirement account. Your money earns 12% per year (in-example-1

2 Answers

6 votes
the answer is C, hope this helps! good luck.
answered
User Jed Anderson
by
7.7k points
10 votes

Answer:

third one down from the top

Explanation:

You need to multiply 1000 by 1.12 so you start with the 1000 and continue getting higher based on the number of months

answered
User Bdifferent
by
8.1k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.