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One real life example of functions that I could think of is my money certificate. I was only 16 y...

One real life example of functions that I could think of is my money certificate. I was only 16 years old when I had my first bank account and my first job. As I grow older, I have been thinking of investing, but I was too scared of risky stock market investment. So, I decided to do more research about investment that’s when I encounter time deposit or also known as certificate in my bank. The interest rate is not as high as stock market offers but it’s higher than a regular checking or savings account. What I also like about this is that I won’t be able to withdraw the money before its maturity dates. Withdrawing the money prior to maturity date will be charge of penalize. I deposited $5000.00 on my certificate that has 3.00% of interest and a length of 17 months. What is the domain and range and function?

math   Advanced-Math   
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Answer #1

Principle amount = $5000.00

interest rate = 3.00%

time = 17 months = 510 days

as the function will be time dependent (time in days) and will give the net amount at the given time.

Domain

D t t<510, tEN

Range:

R-5000, 5153 1

Function:

A 5000(10.03 x ) 510 where t is in davs

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