The table lists the value y (in dollars) of $100 deposited in a certificate of deposit (CD) at a bank after y years. $$\begin{array} { | l | l | l | l | l | l | l | }
\hline \text { Year } & 1 & 2 & 3 & 4 & 5 & 20 \
\hline \text { Value } & 103 & 106.09 & 109.27 & 112.55 & 115.93 & 180.61 \
\hline
\end{array}$$ Construct a scatterplot and identify the mathematical model that best fits the given data. Assume that the model
is to be used only for the scope of the given data, and consider only linear, quadratic, logarithmic, exponential,
and power models. Include the type of model and the equation for the model you find.

Question

The table lists the value y (in dollars) of $100 deposited in a certificate of deposit (CD) at a bank after y years. $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Year } & 1 & 2 & 3 & 4 & 5 & 20 \
\hline \text { Value } & 103 & 106.09 & 109.27 & 112.55 & 115.93 & 180.61 \
\hline
\end{array}$$ Construct a scatterplot and identify the mathematical model that best fits the given data. Assume that the model
is to be used only for the scope of the given data, and consider only linear, quadratic, logarithmic, exponential,
and power models. Include the type of model and the equation for the model you find.

Quizplus · Accepted Answer

The Answer of The table lists the value y (in dollars) of $100 deposited in a certificate of deposit (CD) at a bank after y years. $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Year } & 1 & 2 & 3 & 4 & 5 & 20 \
\hline \text { Value } & 103 & 106.09 & 109.27 & 112.55 & 115.93 & 180.61 \
\hline
\end{array}$$ Construct a scatterplot and identify the mathematical model that best fits the given data. Assume that the model
is to be used only for the scope of the given data, and consider only linear, quadratic, logarithmic, exponential,
and power models. Include the type of model and the equation for the model you find.

The Table Lists the Value Y (In Dollars) of $100