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

question 26

Essay

The table lists the value y (in dollars)of $100 deposited in a certificate of deposit (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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