Mariah invested her money. The balance in the account for any given year is modeled by the function f(t)=400(1.15)t , where t represents the number of years after she opened the account. Colton invested his money and his balance is modeled by the function represented in the table:
Year 0 1 2 3 4
Balance ($) 500 550 600 650 700
Compare the two functions. Which statements are correct?
Select each correct answer.
Question 1 options:
Colton's account will always have a higher balance than Mariah's for any given year.
Mariah's balance will always be higher than Colton's for any given year.
In the fifth year, Mariah's balance will be higher than Colton's.
Mariah's beginning balance was $400 and Colton's beginning balance was $500.
In the fifth year, Colton's balance will be higher than Mariah's.
