Amount of money invested Interest rate

Question

Less than 15,000 4.0
15,000- or more but less
than 30,000 4.15
30,000 or more 4.25

f(x)={4.25, 0<=x<15,000
{4.15, 15,000<=x<30,000
{4.0, x>=30,000
f(x)= 4.0+x, 0<=x<15,000
4.15+x, 15,000<=x<30,000
4.25+x, x>=30,000
f(x)=15,000, 0<=x<4.14
30,000 , 4.0<=x<4.15
45,000, 4.15<=x<4.25
f(x)= 4.0, 0<=x<15,000
4.15 15,000<=x<30,000
4.25 x >=30,000

Answer 1

It seems like there is some confusion in your definitions regarding how the interest rates are defined based on the amount of money invested. Let's clarify and properly format the function based on your description.

Interest Rate Function

The interest rates are set based on the amount of money invested as follows:

• If the amount invested is less than 15,000, the interest rate is 4.0%.
• If the amount invested is between 15,000 and 30,000 (inclusive of 15,000 and exclusive of 30,000), the interest rate is 4.15%.
• If the amount invested is 30,000 or more, the interest rate is 4.25%.

Definition of the Function

1. Interest Rate Function (f(x)):

   \[ f(x) = \begin{cases} 4.0 & \text{if } 0 \leq x < 15,000 \ 4.15 & \text{if } 15,000 \leq x < 30,000 \ 4.25 & \text{if } x \geq 30,000 \end{cases} \]

Misunderstandings:

• In your initial input, the use of expressions like f(x) = 4.0 + x does not correctly represent the interest rates but rather seems to suggest a relationship that does not align with how interest rates typically work in this context.

• Entries such as f(x) = 15,000, 0 <= x < 4.14 also seem to misunderstand the nature of the input x, which is an amount of money and should not operate with scaling based on interest.

Final Clarification

The key takeaway should be that we have a piecewise function defining the interest rates based on the amount of money (x) invested, not the function outputting a value associated with x in contrast to interest rates directly.

If you need further clarification or additional calculations (like how much you would earn based on the invested amount and the interest rate), feel free to ask!

Answer 2

One of the f(x) is correct all I asked is which one would match with the less tan 15,000 =4.0%
15,000 to less than 30,000=4.15%
30,000 or more =4.25%

Answer 3

Thank you for clarifying your question. Based on the ranges and interest rates you've provided, the correct function \( f(x) \) that matches your criteria is:

\[ f(x) = \begin{cases} 4.0 & \text{if } 0 \leq x < 15,000 \ 4.15 & \text{if } 15,000 \leq x < 30,000 \ 4.25 & \text{if } x \geq 30,000 \end{cases} \]

This matches your descriptions:

• Less than 15,000 yields an interest rate of 4.0%.
• From 15,000 to less than 30,000 yields an interest rate of 4.15%.
• 30,000 or more yields an interest rate of 4.25%.

If there are any other versions or functions you want to discuss, please let me know!