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book College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco cover

College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco

Edition 3ISBN: 032157060X
book College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco cover

College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco

Edition 3ISBN: 032157060X
Exercise 38
Step-by-step solution
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Step 1 of 4

Consider the following data:

If $1000 is invested at 6% simple interest, the initial value and the future value S at the end of each of 5 years are shown in the table.

Year ( t )

0

1

2

3

4

5

Future Value ( S )

1000

1060

1120

1180

1240

1300

(a) Since the first differences of data outputs in the table are constant for uniform inputs, the rate of change is constant and a linear function can be found that fits the data exactly.

Thus, a linear function can model exactly the points from the table.


Step 2 of 4


Step 3 of 4


Step 4 of 4

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College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
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