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If $700 is invested in an account that pays 3% compounded annually, the total amount, A(t), in the account after t years is A(t) =

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If $700 is invested in an account that pays 3% compounded annually, the total amount, A(t), in the account after t years is A(t) = 700(1.03) 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. a. Which of the following is the correct formula for finding the average rate of change from t = a to t= b? A(4) OA. A(0) A(4) O B 4 - - A(0) vc A(4) - A(0) 4 A(0) - A(4) OD. 4 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) is $ per year (Round to the nearest cent as needed. ) tbook Ask my instructor Clear all Check

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