Nyah opens a savings account for $750 with a 7% annual interest rate, compounded annually. Which graph will find the amount in the savings account after 8 years?
Answer
A
Image with description A graph titled Nyah's Savings Account. The x-axis is labeled Time (years) from 20 to 60 and y-axis is labeled Amount (dollars) from 5,000 to 15,000. A line slightly increases over time.
B
Image with description A graph titled Nyah's Savings Account. The x-axis is labeled Time (years) from 20 to 60 and y-axis is labeled Amount (dollars) from 5,000 to 15,000. A line slowly increases over time under 5,000.
C
Image with description A graph titled Nyah's Savings Account. The x-axis is labeled Time (years) from 20 to 60 and y-axis is labeled Amount (dollars) from 5,000 to 15,000. A line sharply increases from under 5,000 to 15,000 at year 40.
D
Image with description A graph titled Nyah's Savings Account. The x-axis is labeled Time (years) from 20 to 60 and y-axis is labeled Amount (dollars) from 5,000 to 15,000. A line increases instantly from 0 to 15,000.