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