Precalculus (10th Edition)

Published by Pearson
ISBN 10: 0-32197-907-9
ISBN 13: 978-0-32197-907-0

Chapter 2 - Functions and Their Graphs - Chapter Review - Chapter Test - Page 116: 11

Answer

$\text{(a)}$ Refer to the graph below. The highest interest rate was $8.67\%$ in $1997$. $\text{(b)}$ $-10.343\%$, unreasonable since it is negative.

Work Step by Step

$\text{(a)}$ Use a graphing utility and input the function $r(x)=-0.115x^2+1.183x+5.623$ and set $0\le x\le 15$. Refer to the graph below.. From the graph, we can find the maximum at $r(5)\approx8.67$ which means the interest rate is $8.67\%$ in $1997$. $\text{(b)}$ For year $2010$, $x=2010-1992=18$, thus $r(18)=-0.115(18)^2+1.183(18)+5.623\approx -10.343\%$. This value is unreasonable because it is negative.
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