For a function of , the average rate of change can be found as follows:
So, this problem asks for the Average Rate of Change of from
to
. In this way, we need to find
. As you can see above, we have the graph of
, so we can find these values. Thus, from the graph:
Therefore:
Solution:
we are given that
Dan borrowed $750.00(=P) from his brother who is charging him 8% (=r)simple interest.
Dan pays his brother back in 6 months(=t).
we have been asked to find- how much does he have to pay back including the interest?
As we know that
Substitute the values we get
Hence net payable amount is 750+30=$780