Question

Leni buys shares of stock in Company Q at a total cost of $5,000
$
5
,
000
. The stock is doing well and is increasing at a rate of 8%
8
%
per week. What is the basic function you would use to figure out the value of the stock as time passes?(1 point)
Responses

A=5,000(1.08)t
𝐴
=
5
,
000
(
1.08
)
𝑡

cap A is equal to 5 comma 000 times 1 point 0 8 to the t th power

A=P(1+r)t
𝐴
=

Answer 1

A(t) = 5000(1.08)^t, where t is time in weeks (this is the form A = P(1 + r)^t with P = 5000 and r = 0.08).