Mathematics, 11.02.2021 21:50 TheMadScientist8575
If $700 is invested in an account that pays 3% compounded annually, the total amount, A(t), in the account after t years is Ant 700(1.03)^t.
Required:
a. Find the average rate of change per year of the total amount in the account for the first four years of the investment (from t= 0 to t= 4).
b. Find the average rate of change per year of the total amount in the account for the second four years of the investment (from t=4 to t=8)
c. Estimate the instantaneous rate of change for t =4.
d. The average rate of change per year of the total amount in the account for the first years of the investment â(from t= 0 to t=4â) is â$
e. The average rate of change per year of the total amount in the account for the second years of the investment â(from t= 0 to t=4â) is â$
f. The instantaneous rate of change for t=4 is about â$
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