Question

Ashton is depositing money into a checking account. After 3 months there is $120 in the account. After 6 months, there is $240 in the account. Determine the constant rate of change of the account.

Answer 1

The constant rate of change of the account is $40 or Increasing by $40 per month.

Step-by-step explanation:

Consider the provided information.

Joanne is depositing money into a bank account. After 3 months there is $120 in the account. After 6 months there is $240 in the account.

Rate of change is known as how one quantity change in relation to other.

The rate of change can be calculated as:

y2-y1/x2-x1  

Now use the above formula to calculated the rate of change.

240 - 120/6-3

120/3

40

Hence, the constant rate of change of the account is $40 or Increasing by $40 per month.