Question

Perry invested in property that cost him $1500. Five years later it was worth $3000, and $10 years from his original purchase, it was worth $6000. Assuming the growth rate remains the same, which type of function could he create to find the value of his investment 30 years from his original purchase?
A. Exponential function
B. Linear function
C. Quadratic Function
D. Trigonometric Function

Answer 1

Answer:

A

Step-by-step explanation:

A linear function increases/decreases by a certain amount every year. As it changes 1500 over the first 5 years (300 per year) and 3000 over the next 5 (600 per year), this cannot be liner

A quadratic function goes down then up, or vice versa. This consistently goes up, and is therefore not quadratic

A trigonometric function also goes up and down, so it is not trigonometric

Therefore, as an exponential function can keep going up at different rates over time, this is an exponential function