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You have to decide which of two prizes you will accept! • Prize A: $5,000 for the first month with a $100 increase every month thereafter. • Prize B: $2,000 for the first month with a 10% increase every month thereafter. (Answer all questions)(fill blanks)

You have to decide which of two prizes you will accept! • Prize A: $5,000 for the-example-1
User Hansen W
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1 Answer

5 votes

9.
Equation for Prize A: 5000 + 100m

Equation for Prize B: 2000(1.10)^m

10.

Graph attached.

11. Prize B will earn more than prize A at the 12 month mark.

12. 6276.9 - 6200 = 76.9

Prize B will earn approximately 77 dollars more than prize A at the 12 month mark.

You have to decide which of two prizes you will accept! • Prize A: $5,000 for the-example-1
User Shlomi Agiv
by
8.0k points
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