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anonymous
 one year ago
Katherine has run into some good fortune. She recently received a $1000 bonus at work and decided to put it into a savings account. Her choices are a linear account that adds $30 each year or an exponential account that adds 3% interest each year.
Account A – Linear
f (x) = 30x + 1000
Year
x Value
f (x)
1 $1030
2 $1060
3 $1090
4 $1120
Account B – Exponential
g (x) = 1000(1.03)x
Year
x Value
g (x)
1 $1030.00
2 $1060.90
3 $1092.72
4 $1125.51
anonymous
 one year ago
Katherine has run into some good fortune. She recently received a $1000 bonus at work and decided to put it into a savings account. Her choices are a linear account that adds $30 each year or an exponential account that adds 3% interest each year. Account A – Linear f (x) = 30x + 1000 Year x Value f (x) 1 $1030 2 $1060 3 $1090 4 $1120 Account B – Exponential g (x) = 1000(1.03)x Year x Value g (x) 1 $1030.00 2 $1060.90 3 $1092.72 4 $1125.51

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