Explanation
Correct answer: C.
Choice C is correct. It's given that the relationship between and is exponential. The table shows that the value of increases as the value of increases. Therefore, the relationship between and can be represented by an increasing exponential equation of the form , where and are positive constants. The table shows that when , . Substituting for and for in the equation yields , which is equivalent to , or . Substituting for in the equation yields . The table also shows that when , . Substituting for and for in the equation yields , or . Dividing both sides of this equation by yields approximately . Subtracting from both sides of this equation yields that the value of is approximately . Substituting for in the equation yields . Therefore, of the choices, choice C best represents the relationship between and .
Desmos solution:
Note: Use regression to fit the initial amount and yearly multiplier, then test the answer choices; choice C matches the fitted values.
Enter in Desmos:
Reviewed and rewritten by CookSAT
Why the other choices are wrong
Choice A
Choice A is incorrect and may result from conceptual or calculation errors.
Choice B
Choice B is incorrect and may result from conceptual or calculation errors.
Choice D
Choice D is incorrect and may result from conceptual or calculation errors.