Modeling with Functions Answers

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3

Tasha invests $5,000 at 6% annual interest and an additional $5,000 at 8% annual interest. Thomas invests $10,000 at 7% annual interest. Which statement accurately compares Tasha’s and Thomas’s investments if interest is compounded annually?Compound interest formula: t = years since initial depositn = number of times compounded per yearr = annual interest rate (as a decimal)P = initial (principal) investmentV(t) = value of investment after t years

Question illustration
A
Each person will have exactly the same amount over time because each invested $10,000 at an average interest rate of 7%.
B
Tasha’s investment will yield more over many years because the amount invested at 8% causes the overall total to increase faster.
C
Thomas’s investment will yield more from the start because he has more money invested at the average percentage rate.
D
Tasha’s investment will yield more at first because she invested some at a higher rate, but Thomas’s investment will yield more over the long run.
4

A travel agency made the table below to represent the profits it makes on a certain vacation package.Number of People vs. ProfitNumber of People Who Buy the Package, xProfit per Person (in dollars), y1050020800309004080050500Which of the following explains the best model for the data in the table?

A
an absolute value function since the values increase and then decrease
B
an exponential function since the ratios of the y-values are about the same
C
a linear function since the profit per person changes by $30 for each additional person
D
a quadratic function since the points lie on a curve that is symmetric about the line x = 30
6

Jordan uses a linear equation to model the data in a table. Which reasoning might Jordan have used in the decision to model the data with a linear equation?

A
The products of corresponding x- and y-values are equal.
B
The ratios of consecutive y-values are equal for evenly spaced x-values.
C
The y-values are the reciprocals of the corresponding x-values.
D
The change in y-values is constant for evenly spaced x-values.
10

Janis was offered two different jobs when she graduated from college. She made the graph and table to show how much she would earn over time at each job.Earnings over Time for Job 1Earnings over Time for Job 2When will Janis’s salary be the same for job 1 and job 2, and how much will she be earning at that point?

Question illustration
A
The salaries will be the same in year 20, and she will be earning $80,000.
B
The salaries will be the same in year 16, and she will be earning $70,000.
C
The salaries will be the same in year 12, and she will be earning $60,000.
D
The salaries will be the same in year 10, and she will be earning $55,000.

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Modeling with Functions Answers —…