Suppose you invest $125 each month and receive a 10% return on your investment annually. If you graph 5 points representing 5 years on the x-axis (time) and y-axis (value), what kind of function is represented by the graph?

Question

anonymous · Answer

I think you well get an exponential. This is due to the fact that the investment function is an exponential function. I am not sure though.

anonymous · Answer

So, what do I have to do to answer the question?

anonymous · Answer

check out the investment function online, and see what type of function it is.

anonymous · Answer

You can give the function precisely.
The function is
f(t) = 125*1.1^t   where t is the time in years and f(t) is the amount you have after t years

anonymous · Answer

it gave me 201.314 but, it doesn't come in the options they gave me! :/