Algebra I.5.B.6 - Modeling a Context from Data – Exit Ticket

Last updated almost 4 years ago

3 questions

Use the following information to answer the questions below. Lewis’s dad put
$1,000 in a money market fund with a fixed interest rate when he was 16. Lewis
cannot touch the money until he is 26, but he gets updates on the balance of his
account.

Develop a model for this situation.

Use your model to determine how much Lewis will have when he turns 26 years old.

Comment on the limitations/validity of your model.

From EngageNY.org of the New York State Education Department. Grade Algebra i Mathematics Module 5, Topic B, Lesson 6. Internet. Available from https://www.engageny.org/resource/algebra-i-module...; accessed 09/Oct/2015.