Question

2. Given the situations below, Identify if it is a linear or exponential model or neither.

Explain your reasoning.
a. A savings account that starts with $5000 and receives a deposit of $825 per month.

Answer 1

Explanation:

The situation described can be modeled using a linear equation, where the balance of the savings account increases by a fixed amount every month. Specifically, the equation that represents this situation is:

balance = $5000 + $825 * months

where "months" represents the number of months that have passed since the account was opened. The slope of this line is constant at $825, indicating that the balance is increasing by the same amount every month.

Therefore, the model for this situation is linear.