MCLA Module 2 DBA Types of Functions: Simple Interest Compound Interest Continuously APY Compound Interest A. Linear Interest Only: Year Balance B. Exponential 1 = Prt A = P(1 + -)nt A = Pert C. Quadratic Account Balance: n Previous Year Balance - 1 . 100 A = Prt + P 1) A store is monitoring the sale price of 2a) A principal amount of $ is placed into a savings account with an some items. The tables model the daily APR of 2.55% simple interest for 10 years. price, y, after a given number of days, x. 2b) The same principal is placed into a savings account with an APR of 3.15% continuously compounded for 7 years. days: x 0 2 3 A) price: y 200 100 50 25 12.5 3) Account A year 0 2 3 days: x Quarterly 0 2 3 4 Compounded account balance $200 $209.67 $219.81 $230.44 B) Interest price: y 180 150 120 90 60 Account B year 0 A 2 3 days: x 0 2 3 4 C) Continuously account price: y 200 190 160 190 200 Compounded balance $200 $209.73 $219.93 $230.63 Interest