Sangeetha Pulapaka
  1. f(1) is the value of when the time is 1 year. It means the value of the bond in dollars in 1 year. It is approximately 1,050 dollars.
  2. f(3.5) is the value of the bond when the time is 3.5 years. In this situation the value is approximately 1,175 dollars.
  3. f(t) = 1550 when t = 9. It means that at 9 years the value of the bond is Rs.1550.

Skills to recall:

What is a linear function

What is an exponential function

What is a function notation