Adam’s parents decided to put money in bank every month for his studies. They started with $100 and decided to double it every 6 months. Determine if the relation is linear, quadratic or exponential. Explain your reasoning. Show your work. Write an equation which models the above relation. How much they will have in the account after 5 years.
Adam’s parents decided to put money in bank every month for his studies. They started with $100 and decided to double it every 6 months. Determine if the relation is linear, quadratic or exponential. Explain your reasoning. Show your work. Write an equation which models the above relation. How much they will have in the account after 5 years.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Adam’s parents decided to put money in bank every month for his studies. They started with $100 and decided to double it every 6 months.
- Determine if the relation is linear, quadratic or exponential. Explain your reasoning. Show your work.
- Write an equation which models the above relation.
- How much they will have in the account after 5 years.
- How long will it take for them to have $5000 in the account.
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