12. 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 of the following statements is true about the graph of the function?
(1 point)
Responses
As t
increases, a
increases slowly at first and then slowly
As t increases, A increases slowly at first and then slowly
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
decreases quicklyat first and then slowly
As t increases, A decreases quicklyat first and then slowly
As t
increases, a
increases slowly at first and then quickly