The given function \( a(t) = 5,000(1.12)^t \) represents an exponential growth model. In this equation:
- \( 5,000 \) is the initial amount (the principal).
- \( 1.12 \) is the growth factor, which means the account grows by \( 12% \) each year.
- \( t \) is the number of years.
As \( t \) increases, the value of \( a(t) \) will increase because of the compounding effect of the growth rate.
For exponential functions like this one, the growth starts off relatively slow, particularly for small values of \( t \), but as time goes on, the amount increases more rapidly due to the nature of exponential growth. This means that the graph of \( a(t) \) rises slowly at first and then rises quickly as \( t \) increases.
Thus, the correct statement is:
As t increases, a increases slowly at first and then quickly.