Mathematics, 04.03.2021 20:30 brin1021

Suppose you deposit 900 dollars into a bank with 5% simple interest. The amount in the account after t years is given by A(t)=900(1.05)t (in dollars). 1. What is the average rate of change for the first year? Rate (in dollars per year): 900(1.05)-900
2. What is the average rate of change for the first five years? Rate (in dollars per year):
3. What is the average rate of change for the first ten years? Rate (in dollars per year):
4. Does the average rate of change increase or decrease as time from the initial deposit gets longer?

Answers: 1

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Suppose you deposit 900 dollars into a bank with 5% simple interest. The amount in the account after...