If you have a savings account, contact your bank and find out the interest rate on that account. (If you don’t have your own acc
ount, contact a local bank to ask what the interest rate would be if you set up a savings account today.)
a. State the interest rate the bank quoted.
b. Write an exponential growth equation that models the yearly growth if you put $625 in the account and left it there for years.
c. What will be the value of the account in 25 years?
d. Which of the following would result in more money: $625 deposited in your bank at the current interest rate for 6 years, or deposit $625 into a money market account with a 5% rate for 1 year? Show how you determined your answer.
a. State the interest rate the bank quoted.
b. Write an exponential growth equation that models the yearly growth if you put $625 in the account and left it there for years.
c. What will be the value of the account in 25 years?
d. Which of the following would result in more money: $625 deposited in your bank at the current interest rate for 6 years, or deposit $625 into a money market account with a 5% rate for 1 year? Show how you determined your answer.
1 answer:
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After 2 hours she wrote 3 entries.
after 4 hours she wrote 6 entries.
This means that for same period she is writing same number of entries which means her "writing speed" is constant.
that means that graph is linear function (straight line).
slope we calculate by putting coordinates of y and x of any dot on that line. we can use one of those given by text of task. (in 2 hours she wrote 3 entries)
y = k*x
k = y/x
k = 1.5
after 4 hours she wrote 6 entries.
This means that for same period she is writing same number of entries which means her "writing speed" is constant.
that means that graph is linear function (straight line).
slope we calculate by putting coordinates of y and x of any dot on that line. we can use one of those given by text of task. (in 2 hours she wrote 3 entries)
y = k*x
k = y/x
k = 1.5