Belinda wants to invest $1,000. The able below shows the value of her investment under two different options for three different years:
Number of years
Option 1 (amount in dollars) 1100
Option 2 (amount in dollars) 1100 1200 1300
Part A: What type of function, linear or exponential, can be used to describe the
the investment after a foced number of years using option 1 and option 2
Explain your answer. (2 points)
Part B: Write one function for each option to describe the value of the investment f(n), in dollars, after n years. (4 points)
Part Belinda wants to invest in an option that would help to increase her investment value
by the greatest amount in 20 years. Will there be any significant
difference in the value of Belinda's investment after 20 years if she uses option 2 over option 1? Explain your answer, and show the investment value after 20 years
for each option. (4 points)