Question

1. Taylor just received a $2500 bonus check from her employer: She is going to put it into an account that wil earn interest. The Level 1 savings account at her bank earns 6% simple interest. The Platinum savings account earns 4.5% compound interest
a. Write a function for each account that can be used to determine the balance in the account based on the year, t. Describe each function.


b. U se your answers to part (a) to create a table of values for each function.


c. Use technofogy to graph the functions for the Level 1 and Platinum savings accounts. Then, sketch the graphs

d. Into which account would you recommend that Taylor deposit her money? Explain your reasoning?

e. After reading the pamphlet about the different accounts a little more closely, Taylor realizes that there is a one-time fee of $300 for depositing her money in the Platinum account. Does this change the recommendation you made in part (d)? Why or why not?


f. Compare the rates of change for the Level 1 and Platinum savings accounts. Explain what the rates of change tell you about the accounts

8. What do the rates of change for linear and exponential functions tell you about the graphs of the functions?

Answer 1

Answer:

a

Step-by-step explanation: