Understanding Account Balance Changes

Understanding Account Balance Changes

Assessment

Interactive Video

Mathematics, Business

6th - 10th Grade

Hard

Created by

Aiden Montgomery

FREE Resource

The video tutorial explains a problem involving Arjun's savings account, where M(t) represents the account balance in dollars t days after opening. The focus is on understanding the meaning of M(30) - M(0) = 100, which indicates the balance after 30 days is $100 more than the initial balance. The tutorial evaluates different interpretations and concludes that Arjun made a profit of $100 in the first 30 days.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the function M(t) represent in the context of Arjun's savings account?

The account balance in dollars after t days

The number of transactions made

The total deposits made into the account

The interest rate of the account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does M(30) - M(0) = 100 signify about Arjun's account?

The account was closed after 30 days

The initial deposit was $100

The account balance is $100 after 30 days

The balance increased by $100 in 30 days

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If M(30) is the balance after 30 days, what is M(0)?

The balance after 15 days

The balance after 60 days

The initial balance

The balance after 90 days

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a correct interpretation of M(30) - M(0) = 100?

The balance after 30 days is $100 more than the initial balance

Arjun added $100 to the account in the first 30 days

The account balance was $100 after 30 days

The account balance increased by $100 in 30 days

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the statement 'Arjun made a profit of $100 over the first 30 days' imply?

Arjun deposited $100 into the account

The account balance increased by $100

The account balance decreased by $100

Arjun withdrew $100 from the account