Question

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

Answer 1

The correct statement about the graph of the function is:

As t increases, a increases quickly at first and then slowly.