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8 November, 15:00

Mr. Jones places money into two separate investment accounts.

The function f (x) = 2,500 (1.078) x models the value of account 1 after x years.

The table represents the value of account 2 after x years.

Number of Years, x 0 3 4 6

Value, y $2,500 $3,400 $3,700 $4,300

During what year does the value of account 1 exceed the value of account 2?

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  1. 8 November, 17:26
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    Account 1 : y = 2500 (1.078) x

    account 2 : y = 2500 + 300x

    after the second year a1 exceeds a2

    after 2 years, a1 = 5390

    after 2 years, a2 = 3100
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