Fan and Medal for help

5. Annie finds another bank, Star Bank, that offers a CD account with a 2% interest rate every month. Star Bank’s interest is not compounded. The interest is based on the original amount of deposit. Remember that Annie has $500 to start the account. She will not withdraw or deposit more money in the account for 2 years.
(a) Fill in the table showing the amount of money in the Star Bank CD account over 4 months.
(b) If Annie graphed the relation, what would the y-intercept be? How do you know this?
(c) Is the relation a function? Explain why or why not.

Question

Fan and Medal for help

5.	Annie finds another bank, Star Bank, that offers a CD account with a 2% interest rate every month. Star Bank’s interest is not compounded. The interest is based on the original amount of deposit. Remember that Annie has $500 to start the account. She will not withdraw or deposit more money in the account for 2 years.
(a)	Fill in the table showing the amount of money in the Star Bank CD account over 4 months.
(b)	If Annie graphed the relation, what would the y-intercept be? How do you know this?
(c)	Is the relation a function? Explain why or why not.

anonymous · Answer

(d)	Is the relation linear? If so, state the rate of change and write the equation of the relation, where x is the number of months and y is the amount in the account. If not, explain why not.
(e)	Annie plans to keep her CD account for 2 years. Which bank would you suggest Annie open her account with and why?