Solved

The Table Lists the Value Y (In Dollars) of $100

Question 34

Essay

The table lists the value y (in dollars) of $100 desposit (CD) at a bank after y years.
 Year 1234520 Value 103106.09109.27112.55115.93180.61\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Year } & 1 & 2 & 3 & 4 & 5 & 20 \\\hline \text { Value } & 103 & 106.09 & 109.27 & 112.55 & 115.93 & 180.61 \\\hline\end{array}
Construct a scatterplot and identify the mathematical model that best fits the given data.
Assume that the model is to be used only for the scope of the given data, and consider only linear, quadratic, logarithmic, exponential, and power models. Include the type of model and the equation for the model you find.

Correct Answer:

verifed

Verified

Exponentia...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions