A savings account was opened with a $500 deposit. The function a(t) = 500 (1.05) models the value of the account, a(t), after a given number of years, t. What is the percent rate of change, and how is it interpreted in the context of the problem? O The percent rate of change is 95%, which means the value of the account decreases by 5% per year. O The percent rate of change is 95%, which means the value of the account increases by 5% per year. O The percent rate of change is 5%, which means the value of the account decreases by 5% per year. O The percent rate of change is 5%, which means the value of the account increases by 5% per year.

A savings account was opened with a $500 deposit. The function a(t) = 500 (1.05) models the value of the account, a(t), after a given number of years, t. What is the percent rate of change, and how is it interpreted in the context of the problem? O The percent rate of change is 95%, which means the value of the account decreases by 5% per year. O The percent rate of change is 95%, which means the value of the account increases by 5% per year. O The percent rate of change is 5%, which means the value of the account decreases by 5% per year. O The percent rate of change is 5%, which means the value of the account increases by 5% per year.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 33E: DVD Player sales The table shows the number of DVD play-ers sold in a small electronics store in the...

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