Which expression represents the growth of an investment of 1,500 dollars at 12 percent per year for a period of t years?

An investment growing by 12% each year is multiplied annually by 1 + 0.12 = 1.12. After t years, its value is 1500 × 1.12^t, so the correct choice is “1500 times 1.12 to the tth power.”

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