1 Your Favorite Aunt Puts Money In A Savings Account For You The Account Earns Simple Interest That Is It Increases 1 (20.98 KiB) Viewed 65 times
1 Your Favorite Aunt Puts Money In A Savings Account For You The Account Earns Simple Interest That Is It Increases 2 (15.68 KiB) Viewed 65 times
1) Your favorite aunt puts money in a savings account for you. The account earns simple interest; that is, it increases by a fixed amount each year. After 2 years, your account has $8250 in it and after 5 years it has $9375. a) Is the money in your account a linear function of the year? Support your answer. b) Construct a function y=f(x) to model the amount of money in your account. c) How much did your aunt put initially? d) Find f(10). Interpret this value in the context of the problem.
e) Graph the function.
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