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LekaFEV [45]
2 years ago
10

I need help please please please

Mathematics
1 answer:
JulsSmile [24]2 years ago
6 0

Answer:

SEE IMAGE FOR SOLUTION

Hope it helps

Have a great day

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Step-by-step explanation:

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When a deposit of $1000 is made into an account paying 2% interest, compounded annually, the balance, $B, in the account after t
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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 (x_{s}, x_{f}) will be given by the following equation:

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In this problem, we have that:

B(t) = 1000(1.02)^{t}

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Then

S = \frac{1104.08 - 1000}{5-0} = 20.82

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.

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