AP Precalculus Quiz
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EXPONENTIAL AND LOGARITHMIC FUNCTIONS
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A savings account starts at V0=$1,500V_0=\$1{,}500. Linear deposit plan: VL(t)=1500+200tV_L(t)=1500+200t, where tt is years and $200/year is added. Compound plan: VE(t)=1500(1.04)tV_E(t)=1500(1.04)^t, where 4% per year compounds. Values are in dollars. Linear change is constant in dollars, while exponential change is constant in percent. Using the information provided, how does the rate of change differ between the linear and exponential models?
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