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The table below shows the balance B in a savings account, in dollars, in terms of time T , measured as the number of years
The table below shows the balance B in a savings account, in dollars, in terms of time T measured as the number of years since the initial deposit was made.
Time t
Balance B
a Was the yearly interest rate constant over the firsr four years?
Yes
No
If so find the rate Round your answer to two decimal places. If the rate is not constant, enter NONE.
Explain why the rate is constant, or why it is not.
b Estimate BAssume that interested is compounded and deposited continuously. Round your answer to two decimal places.
B
Explain in practical terms what your answer means.
The account balance after and months is approximately $
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