$p(t)=90,000(1.06)^{t}$

The given function $p$ models the population of Lowell $t$ years after a census. Which of the following functions best models the population of Lowell $m$ months after the census?

Question

Accepted Answer

$r(m)=90,000(1.06)^{\frac{m}{12}}$

Answer

$r(m)=\frac{90,000}{12}(1.06)^{m}$

Answer

$r(m)=90,000\left(\frac{1.06}{12}\right)^{m}$

Answer

$r(m)=90,000\left(\frac{1.06}{12}\right)^{\frac{m}{12}}$