find the amount accumulated after investing a principal P for t years at an interest rate compounded k times per year .
1 answer:
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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.