A savings account earns 6% simple interest per year. The principal is $800. What is the balance after 18 months?
1 answer:
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Answer:
c = 2.25
Step-by-step explanation:
f(x) is a continuous and differentiable function on the interval, so the Mean Value Theorem guarantees a value for c exists.
The average slope is ...
m = (f(4) -f(1))/(4 -1) = (24 -12)/3 = 4
The point at which the derivative is 4 is ...
f'(c) = 6/√c = 4
√c = 6/4
c = 2.25
