Question

Rewrite in your own words in a 4th graders response

The graph shows a curve that gets bigger faster and faster. At the start (t = 0) Andrea has $3,000. Each year it grows by 14%, which means you multiply by 1.14. After one year she has $3,420 because 3000 × 1.14 = 3420. The curve gets steeper as time goes on, so her money grows more and more. In about 5 years the investment will be about twice as big, so the longer she waits the more money she will have.

Answer 1

The picture shows a line that gets steeper and steeper. At the start (t = 0) Andrea has $3,000. Each year her money grows by 14%, which means you multiply by 1.14. After one year she has $3,420 because 3000 × 1.14 = 3420. The line gets steeper as time goes on, so her money grows faster each year. In about 5 years her money will be almost twice as big — about $5,800 — so the longer she waits, the more money she will have.