Mathematics, 23.03.2021 16:30 CameronVand21
A boy owes his grandmother $1000. She paid for his first semester at community college. The conditions of the loan are that he must pay her back the whole amount in one payment using a simple interest rate of %7 per year. She doesn't care in which year he pays her. The table contains input and output values to represent how much money he will owe his grandmother 1, 2, 3, or 4 years from now.
Year Amount owed (in $)
1 1070
2 1140
3 1210
4 1280
A.
Yes, because the rate of change is a constant $___
nothing per year.
B.No, because the rate of change is $
nothing per year during the second year and $___
nothing per year during the third year.
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