Question

The situation You have $1000 saved. Now, you need to figure out w money in. You can choose from the following two banks hich bank you want to inuest your NATIONAL BANK Standard Bank You will be given $65 at the end of every year. Your account earns 6% annual interest. . Create a table for each of your options: Standard Bank YearBalance NATIONAL BANK Account Account Balance Vear Round to nearest cent! 2. Write an equation for each bank that models your potential account balance, y. after x years. NATIONAL BANK Standard Bank 3. What is you r initial amount of money no matter where you decide to put it? Where is this found in the equation you have for each banlk? Underline it above hrough 4. For what number of years is Standard Bank best? Vears is National Bank best? Years For what number of years through 5. What is the rate of change for each bank between 6 and 7 years? Standard Bank: National Bank 6. What is the rate of change for each bank between 9 and 10 years? Standard Bank: National Bank: 7. What happens to the rate of change for National Bank & why does this happen? (Think: what kind of function is it?)

Pls. show solutions.

Answer 1

tic 2 Luntion natonal bals looo 1262.47 | 338·マー 418. S 132 S 139o 1455 15 20 (5&S (6 50 159 3.4 179D.84

4 to LO 구- 1 851/e 66S/