An investment increases over time. Years Account Balance in dollars 1000 1 1040 1081.60 1124.86 O A. The change is exponential. The common ratio is about 1.04. B. The change is linear. The constant rate of change is -40. C. The change is exponential. The common ratio is about 0.06. D. The change is linear. The constant rate of change is 40. Interpretation: O A. The account balance increases by $40 each year. O B. The account balance decreases by about 94 % each year. O c. The account balance decreases by about $40 each year. O D. The account balance increases by about 4% each year.

An investment increases over time. Years Account Balance in dollars 1000 1 1040 1081.60 1124.86 O A. The change is exponential. The common ratio is about 1.04. B. The change is linear. The constant rate of change is -40. C. The change is exponential. The common ratio is about 0.06. D. The change is linear. The constant rate of change is 40. Interpretation: O A. The account balance increases by $40 each year. O B. The account balance decreases by about 94 % each year. O c. The account balance decreases by about $40 each year. O D. The account balance increases by about 4% each year.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

**Table: An Investment Increases Over Time**

| Years | Account Balance in Dollars |
|-------|-----------------------------|
| 0 | 1000 |
| 1 | 1040 |
| 2 | 1081.60 |
| 3 | 1124.86 |

**Options for Rate of Change:**

- **A.** The change is exponential. The common ratio is about 1.04.
- **B.** The change is linear. The constant rate of change is –40.
- **C.** The change is exponential. The common ratio is about 0.06.
- **D.** The change is linear. The constant rate of change is 40.

**Interpretation:**

- **A.** The account balance increases by $40 each year.
- **B.** The account balance decreases by about 94% each year.
- **C.** The account balance decreases by about $40 each year.
- **D.** The account balance increases by about 4% each year.

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