Question
Sophia invested some money in a bank at a fixed rate of interest compounded annually. The equation below shows the value of her investment after
Sophia invested some money in a bank at a fixed rate of interest compounded annually. The equation below shows the value of her investment after x years:
f(x) = 500(1.05)x
What was the average rate of change of the value of Sophia's investment from the second year to the fourth year?
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Elementary Statisitcs
Authors: Barry Monk
2nd edition
1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296
