Based on the description of the graph as a concave-up, increasing curve, we can analyze the responses to determine which situation fits this description.
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Sienna buys a vintage record for $20. Its value appreciates by 20 percent each year.
- This would produce an exponential growth pattern without the steep increase typical of very fast growing functions. It might be increasing but likely not as quickly as the other options.
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Niall rents a bike for $20 per hour.
- This describes a linear situation (fixed cost per hour), resulting in a straight line rather than a concave-up curve.
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Juveldy puts $20 in a high-yield savings account. His investment triples every year.
- This is a case of exponential growth and would lead to a very steep increase, which typically creates a concave-up curve.
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There are 200 cockroaches in a building, and the population triples every day.
- Similar to Juveldy's situation, this involves exponential growth that would result in a quick rise, resulting in a concave-up curve.
Given the concave-up shape of the graph, both Juveldy's investment scenario and the cockroach population scenario fit the description. However, if we consider the rate of growth in a short time frame, the cockroach population would increase very rapidly compared to the others.
Therefore, the best fit for the description of the graph, which should imply a strong accelerating effect as seen in exponential growth, is:
Juveldy puts $20 in a high-yield savings account. His investment triples every year.
This option magnifies the characteristics observed in the graph better than the others.