Question

Using the table, complete parts A, B, and C.


Simple Interest Versus Compound Interest
Simple Interest Compound Interest
Year Price Year Price
0 $20,000.00 0 $20,000.00
10 $32,000.00 10 $35,816.95
20 A 20 B

Part A: Find the third terms in the table, A and B, using a linear model (simple interest) and an exponential model (compound interest).

Part B: Assuming it has the same annual interest rate rounded to the nearest cent, how much more is the investment worth using an exponential model versus a linear model?

Answer 1

Part C: Discuss collaboratively: How would a rate of decay or decay factor affect the outcome in Parts A and B? Explain.

Answer 2

i don't think they're gonna reply @CandyCove

Answer 3

i just need to finish this to do good

Answer 4

Simple interest
linear equation
slope = 32,000,000 - 20,000,000
----------------------
20 - 10

- what does that simplify to?

Answer 5

1200000?

Answer 6

yes

so it can be modelled by the linear equation
A = 1,200,000x + 20,000,000

Answer 7

oh sorry I misread the quastion
slope = 32,000.00 - 20,000.00
------------------
20 - 10
= 12,000.00 / 10 = 1,200.00

Answer 8

so rhonda did it right?

Answer 9

and okay so thats for part A?

Answer 10

A = 1,200.00x + 20,000.00
to find the value of A plug in x = 20 and work it out

Answer 11

sorry gotta go right now

Answer 12

aw man so you only got partA

Answer 13

@RhondaSommer is part A 44000?

Answer 14

yep

Answer 15

really?

Answer 16

its asking for the simple interest and the compound interest?

Answer 17

yep

Answer 18

for the numbers of price A and B

Answer 19

letter B is compound letter A is simple

Answer 20

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Answer 21

is A 1200.00 and B is 44000?

Answer 22

no a is 44000

Answer 23

because i have to find the prices and I'm not sure

Answer 24

ohh and what is B then

Answer 25

b is a seperate equation

Answer 26

I will not give you an immediate answer

Answer 27

no thats not what I'm asking tho

Answer 28

$35,816.95
- $20,000.00
____________________

Answer 29

in the table its asking for Price A and B and 44000 is price A so I'm asking about price B

Answer 30

15816.95?

Answer 31

is it that? @RhondaSommer

Answer 32

hello? @RhondaSommer

Answer 33

@ganeshie8

Answer 34

can you help?

Answer 35

add that to $35,816.95