Question

The number of members of an online community increases each month. The function M(t) = N(1 + r)^t represents the number of members at month t, where N is the initial number of members and r is the rate of increase. Select the correct statement.

A. The value of M is a product of N and a factor that does not depend on N.

B. N increases each month.

C. The function is linear.

D. The initial value is (1 + r).

Answer 1

A.

Explanation:

On the right side of the equation we are multiplying the initial amount by the growth rate that is raised to a number of years. M is equal to this product. The growth rate does not depend upon the initial amount.