document.write( "Question 1146849: the variable interest rate on a student loan changes each july 1 based on the bank prime loan rate.For the years 1992-2007 this rate can be approximated by the model r(x)= -0.115x^2+1.183x+5.623 where x is the number of years since 1992 and r is the interest rate as a percent
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document.write( "calculate the highest rate during this time period during which year was the interest rate the highest
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document.write( "use graph to estimate the rate in 2010 does the value seem reasonable? \n" );
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Algebra.Com's Answer #768210 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "(1) Graph the equation on a graphing calculator. \n" ); document.write( "(2) Find the maximum value of the function, and the x value which produces that maximum. 1992 plus the x value is the year in which the interest rate is highest. \n" ); document.write( "(3) Evaluate the function for x = 18 (2010 is 18 years after 1992). The function value is negative there. Is that reasonable? \n" ); document.write( "Note that the problem says the given function is only applicable for the years 1992-2007; so using it to estimate the interest rate in 2010 might not be valid. However, even for the year 2007 (x=15), the function value is negative; so the function is not realistic. \n" ); document.write( " |