Question

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)

Answer 1

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.