Solve the Problem $\$ 40,000$ Is Invested At $6 \%$ Interest, Compounded Annually

question 39

Multiple Choice

Solve the problem.
-Suppose that $\$ 40,000$ is invested at $6 \%$ interest, compounded annually. Find a function A for the amount in the account after $t$ years.

• A) \(\mathrm { A } ( \mathrm { t } ) = \$ 40,000 ^ { 0.06 \mathrm { t } }\)
• B) \(\mathrm { A } ( \mathrm { t } ) = \$ 40,000 ( 1.06 ) ^ { \mathrm { t } }\)
• C) \(\mathrm { A } ( \mathrm { t } ) = \$ 40,000 ^ { 1.06 t }\)
• D) \(\mathrm { A } ( \mathrm { t } ) = \$ 40,000 ( 0.06 ) ^ { t }\)

---

Definitions:

Somatic System

A part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.

Limbic System

A complex system of nerves and networks in the brain, involved in basic emotions and drives, such as fear, pleasure, and anger.

Autonomic System

A part of the peripheral nervous system that controls bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Microelectrode Techniques

Scientific methods involving the use of tiny electrodes to measure electrical activity in single cells or small groups of cells, often used in neuroscience research.