If $3000 is invested at 6% simple interest, the initial value and the future value S at the end of each of 5 years is shown in the table below. Then answer part (a) through (d). Year (t) Future Value (S) 0 3000 (a) Can a linear function model exactly the points from the table? Explain. OA. Yes, the first differences are constant for uniform inputs OB. No, the first differences are not constant for uniform inputs 1 3180 2 3360 3 3540 D 4 5 3720 3900

If $3000 is invested at 6% simple interest, the initial value and the future value S at the end of each of 5 years is shown in the table below. Then answer part (a) through (d). Year (t) Future Value (S) 0 3000 (a) Can a linear function model exactly the points from the table? Explain. OA. Yes, the first differences are constant for uniform inputs OB. No, the first differences are not constant for uniform inputs 1 3180 2 3360 3 3540 D 4 5 3720 3900

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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