9) The total deposits with a branch of Randolph bank currently stand at $20.384 million and projected to grow at a rate of $1.019 million per year for the next five years. The total deposits with a branch of Madison bank currently stand at $18.521 million and are expected to grow at a rate of $1.482 million/year. a) Find a function for each bank giving the total deposits in the next 5 years b) Graph both functions on an appropriately labelled graph c) Do the total deposits for Madison catch up to those of Randolph over the period in question? At what time?
9) The total deposits with a branch of Randolph bank currently stand at $20.384 million and projected to grow at a rate of $1.019 million per year for the next five years. The total deposits with a branch of Madison bank currently stand at $18.521 million and are expected to grow at a rate of $1.482 million/year. a) Find a function for each bank giving the total deposits in the next 5 years b) Graph both functions on an appropriately labelled graph c) Do the total deposits for Madison catch up to those of Randolph over the period in question? At what time?
9) The total deposits with a branch of Randolph bank currently stand at $20.384 million and projected to grow at a rate of $1.019 million per year for the next five years. The total deposits with a branch of Madison bank currently stand at $18.521 million and are expected to grow at a rate of $1.482 million/year. a) Find a function for each bank giving the total deposits in the next 5 years b) Graph both functions on an appropriately labelled graph c) Do the total deposits for Madison catch up to those of Randolph over the period in question? At what time?
9) The total deposits with a branch of Randolph bank currently stand at $20.384 million and projected to grow at a rate of $1.019 million per year for the next five years. The total deposits with a branch of Madison bank currently stand at $18.521 million and are expected to grow at a rate of $1.482 million/year. a) Find a function for each bank giving the total deposits in the next 5 years b) Graph both functions on an appropriately labelled graph c) Do the total deposits for Madison catch up to those of Randolph over the period in question? At what time?
Expression, rule, or law that gives the relationship between an independent variable and dependent variable. Some important types of functions are injective function, surjective function, polynomial function, and inverse function.
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