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For a math project, two groups of students wrote functions to describe a 6-month repayment plan for a loan. Group A set up the function f (t) = 100+ 100(1.2) ¹, where t = 0 for the first month, t = 1 for the second month, etc. Group B described their function using a table. The first three months’ payments are shown below Month 1 2 3 Payment $150 $187.50 $234.38 Compare the total amounts repaid in 6 months using the two plans.

For a math project, two groups of students wrote functions to describe a 6-month repayment plan for a loan. Group A set up the function f (t) = 100+ 100(1.2) ¹, where t = 0 for the first month, t = 1 for the second month, etc. Group B described their function using a table. The first three months’ payments are shown below Month 1 2 3 Payment $150 $187.50 $234.38 Compare the total amounts repaid in 6 months using the two plans.

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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2. For a math project, two groups of students wrote functions to describe a 6-month repayment plan for a loan. Group A set up the function f (t) = 100+ 100(1.2) ¹, where t = 0 for the first month, t = 1 for the second month, etc. Group B described their function using a table. The first three months' payments are shown below Month 1 2 3 Payment $150 $187.50 $234.38 Compare the total amounts repaid in 6 months using the two plans.
Transcribed Image Text:2. For a math project, two groups of students wrote functions to describe a 6-month repayment plan for a loan. Group A set up the function f (t) = 100+ 100(1.2) ¹, where t = 0 for the first month, t = 1 for the second month, etc. Group B described their function using a table. The first three months' payments are shown below Month 1 2 3 Payment $150 $187.50 $234.38 Compare the total amounts repaid in 6 months using the two plans.
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Follow-up Question

The question said that the total amounts repaid in 6 months. It looks it means that it is the total amount from 1 month to 6 month of each group. 

It looks it should not only comepare for 6 month amount of each group. 

If it is, the question does not need to say for the total amounts. 

 

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Follow-up Question

The question is "compare". It looks to compare the 2, Group A and B. 

But you did not do it. How can you explain the compare part in the question?

 

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Follow-up Question

572.21 looks wrongly calculated, please check it and update it asap. Thank you. 

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