question 5,6

5. An initial investment of S4000 cams interest at 4% per year, compounded annually. a) Create a table of values for the first 10 years of the investment b) Graph the data from your table of values c) Is the relationship between the time and the amount of the investment exponential? Explain. d) Write an equation to represent the data. Initial Amount: Growth Rate 100% + Period: Time: b) 6. Jeff is purchasing a new vehicle for $35 000. It is known that the vehicle will depreciate by 20% of its current value every year a) Write an equation that relates the depreciated value of the vehicle, V, to the age of the vehicle, t, in years. b) Use the equation to determine the value of the vehicle 2 years after it is purchased. e) Approximately how long will it take the vehicle to depreciate to S3000? Initial Amount: Growth Rate 100% + Period: Time: b) Page 3