After 3 years, a $1,500 investment is worth $1,680. What is the interest rate on the investment?
2 answers:
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9514 1404 393
Answer:
-203.1875
Step-by-step explanation:
The ends of the interval are ...
(-4, g(-4)) = (-4, 1023 15/16)
(1, g(1)) = (1, 8)
The average rate of change is the slope of the line between these two points:
m = (y2 -y1)/(x2 -x1)
m = (8 -(1023 15/16))/(1 -(-4)) = (-1015 15/16)/5 = -203 3/16
The average rate of change on the interval is -203 3/16.
