Practice Test 11

Interpret the compound interest expression $P(1+r)^n$ as the product of $P$ and a factor not depending on $P$. Which description matches?

A population model is written as $P(t)=1200(1.08)^t$. Interpret $1200(1.08)^t$ as the product of a quantity and a factor not depending on 1200. Which describes the structure of the expression?