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An investment was worth $2,451 in 1993. In 1998, its value was $5,046. Find and interpret the average rate of change in value per year.

An investment was worth $2,451 in 1993. In 1998, its value was $5,046. Find and interpret the average rate of change in value per year.

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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An investment was worth $2,451 in 1993. In 1998, its value was $5,046. Find and interpret the average rate of change in value per year. O A. The average rate of change is 2,451. This means that the value of the investment increased by $2,451 per year during these years. OB. The average rate of change is 519. This means that the value of the investment increased by $519 per year during these years. O C. The average rate of change is 7,641. This means that the value of the investment increased by $7,641 per year during these years. O D. The average rate of change is 519. This means that the value of the investment decreased by $519 per year during these years.
Transcribed Image Text:An investment was worth $2,451 in 1993. In 1998, its value was $5,046. Find and interpret the average rate of change in value per year. O A. The average rate of change is 2,451. This means that the value of the investment increased by $2,451 per year during these years. OB. The average rate of change is 519. This means that the value of the investment increased by $519 per year during these years. O C. The average rate of change is 7,641. This means that the value of the investment increased by $7,641 per year during these years. O D. The average rate of change is 519. This means that the value of the investment decreased by $519 per year during these years.
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