SOLUTION
Given the question in the image, the following are the solution steps to answer the question.
STEP 1: Get the given data values
STEP 2: Write the formula for calculating the coefficient
STEP 3
: Calculate the correlation coefficient
Using the calculator,
Hence, the value of r is 0.791
Answer:
The average rate of change in the balance over the interval t = 0 to t = 5 is of $20.82 a year. This means that the balance increased by $20.82 a year over the interval t = 0 to t = 5.
Step-by-step explanation:
Given a function y, the average rate of change S of y=f(x) in an interval will be given by the following equation:
In this problem, we have that:
Find the average rate of change in the balance over the interval t = 0 to t = 5.
Then
The average rate of change in the balance over the interval t = 0 to t = 5 is of $20.82 a year. This means that the balance increased by $20.82 a year over the interval t = 0 to t = 5.
Answer:
$2,589.52
Step-by-step explanation:
We start with the compound interest formula above, where
A = future value
P = principal amount invested
r = annual rate of interest written as a decimal
n = number of times interest is compound per year
t = number of years
For this problem, we have
P = 2000
r = 0.026
n = 2
t = 10,
and we find A.