Math Problem Statement
A person decides to invest
$11001100
of his 401K funds into an account that pays
5.85.8%
interest compounded continuously. The table contains input and output values that represent the amount an initial investment of
$11001100
is worth at the end of each year.
Year
1
2
3
4
5
Total investment (in $)
1166
1235
1309
1387
1470
Does the table contain data that represent a linear function?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Continuous Compounding
Linear vs Non-linear Functions
Formulas
A = P * e^(rt)
Change in consecutive values for linearity
Theorems
Exponential Growth Theorem
Compound Interest Theorem
Suitable Grade Level
Grades 10-12
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