John, Sally, and Natalie would all like to save some money. John decides that it

would be best to save money in a jar in his closet every single month. He decides

to start with $300, and then save $100 each month. Sally has $6000 and decides

to put her money in the bank in an account that has a 7% interest rate that is

compounded annually. Natalie has $5000 and decides to put her money in the

bank in an account that has a 10% interest rate that is compounded continuously.

What type of equation models John’s situation?

Write the model equation for John’s situation

How much money will John have after 2 years?

How much money will John have after 10 years?

What type of exponential model is Sally’s situation?

Write the model equation for Sally’s situation