The table shows the average yearly balance in a savings account where interest is compounded annually. No money is deposited or withdrawn after the initial amount is deposited. Which type of function best models the given data? Year Balance, in Dollars (1) linear function with a negative rate of change 380.00 10 562.49 (2) linear function with a positive rate of change 20 832.63 (3) exponential decay function 1232.49 30 41. finction 40 1824.39

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
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Chapter3: Straight Lines And Linear Functions
Section3.3: Modeling Data With Linear Functions
Problem 6E: 6. Tuition at American Private Universities The following table shows the average yearly tuition and...
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The table shows the average yearly balance in a savings account where interest is compounded
annually. No money is deposited or withdrawn after the initial amount is deposited. Which type of
function best models the given data?
Year
Balance, in Dollars
(1) linear function with a negative rate of change
380.00
10
562.49
(2) linear function with a positive rate of change
20
832.63
(3) exponential decay function
1232.49
30
40
1824.39
(4) exponential growth function
2700.54
50
39%
Ai
The va ue of a cor purchased for S40.000 docreases at a rate of120% ner voar What will he the
Transcribed Image Text:Insert Draw View Help OneNote for Windows 10 2023 B 60 2 B0 8 Shapes to Shape The table shows the average yearly balance in a savings account where interest is compounded annually. No money is deposited or withdrawn after the initial amount is deposited. Which type of function best models the given data? Year Balance, in Dollars (1) linear function with a negative rate of change 380.00 10 562.49 (2) linear function with a positive rate of change 20 832.63 (3) exponential decay function 1232.49 30 40 1824.39 (4) exponential growth function 2700.54 50 39% Ai The va ue of a cor purchased for S40.000 docreases at a rate of120% ner voar What will he the
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