For a math project, two groups of students wrote functions to describe a 6-month repayment plan for a loan. Group A set up the function f (t) = 100+ 100(1.2) ¹, where t = 0 for the first month, t = 1 for the second month, etc. Group B described their function using a table. The first three months’ payments are shown below Month 1 2 3 Payment $150 $187.50 $234.38 Compare the total amounts repaid in 6 months using the two plans.
For a math project, two groups of students wrote functions to describe a 6-month repayment plan for a loan. Group A set up the function f (t) = 100+ 100(1.2) ¹, where t = 0 for the first month, t = 1 for the second month, etc. Group B described their function using a table. The first three months’ payments are shown below Month 1 2 3 Payment $150 $187.50 $234.38 Compare the total amounts repaid in 6 months using the two plans.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.6: Solving Quadratic Equations By Using The Quadratic Formula
Problem 64PFA
Related questions
Question
Transcribed Image Text:2. For a math project, two groups of students wrote functions to describe a 6-month repayment plan for a
loan. Group A set up the function f (t) = 100+ 100(1.2) ¹, where t = 0 for the first month, t = 1 for
the second month, etc. Group B described their function using a table. The first three months'
payments are shown below
Month
1
2
3
Payment $150 $187.50 $234.38
Compare the total amounts repaid in 6 months using the two plans.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
The question said that the total amounts repaid in 6 months. It looks it means that it is the total amount from 1 month to 6 month of each group.
It looks it should not only comepare for 6 month amount of each group.
If it is, the question does not need to say for the total amounts.
Solution
by Bartleby ExpertFollow-up Question
The question is "compare". It looks to compare the 2, Group A and B.
But you did not do it. How can you explain the compare part in the question?
Solution
by Bartleby ExpertFollow-up Question
572.21 looks wrongly calculated, please check it and update it asap. Thank you.
Solution
by Bartleby ExpertRecommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781305652224
Author:
Charles P. McKeague, Mark D. Turner
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:
9781305658004
Author:
Ron Larson
Publisher:
Cengage Learning