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

question 34

Essay

The table lists the value y (in dollars) of $100 desposit (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.

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Definitions:

Percentage Increase

The rate at which a specific quantity grows over a particular period of time, expressed as a fraction of the initial value.

Sales Data

Information related to the sales performance of a company, including volume, trends, and geographical distribution of sales.

Liquidity Ratio

Financial metrics that measure a company's ability to meet its short-term obligations with its liquid assets.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.