Tanisha wants to have $1000 in her bank account in 5 years. How much money should she deposit if her account earns 6% interest w
1 answer:
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Answer:
C.
General Formulas and Concepts:
<u>Calculus</u>
- Mean Value Theorem (MVT) - If f is continuous on interval [a, b], then there is a c∈[a, b] such that
- MVT is also Average Value
Step-by-step explanation:
<u>Step 1: Define</u>
f'(c) = 20
Interval [1, b]
<u>Step 2: Check/Identify</u>
Function [1, b] is continuous.
Derivative [1, b] is continuous.
∴ There exists a c∈[1, b] such that
<u>Step 3: Mean Value Theorem</u>
- Substitute:
- Rewrite:
And we have our final answer!