The function given by y = f x shows the value of $8000 invested at 6% interest compounded continuously, x years after the money was originally invested. a. Find the average amount earned per year between the 5th year and the 10th year. b. Find the average amount earned per year between the 20th year and the 25th year. c. Based on the answer from parts (a) and (b), does it appear that the rate at which annual income increases is increasing or decreasing time?
The function given by y = f x shows the value of $8000 invested at 6% interest compounded continuously, x years after the money was originally invested. a. Find the average amount earned per year between the 5th year and the 10th year. b. Find the average amount earned per year between the 20th year and the 25th year. c. Based on the answer from parts (a) and (b), does it appear that the rate at which annual income increases is increasing or decreasing time?
The function given by
y
=
f
x
shows the value of
$8000
invested at
6%
interest compounded continuously, x years after the money was originally invested.
a. Find the average amount earned per year between the 5th year and the 10th year.
b. Find the average amount earned per year between the 20th year and the 25th year.
c. Based on the answer from parts (a) and (b), does it appear that the rate at which annual income increases is increasing or decreasing time?
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Linear Equation | Solving Linear Equations | What is Linear Equation in one variable ?; Author: Najam Academy;https://www.youtube.com/watch?v=tHm3X_Ta_iE;License: Standard YouTube License, CC-BY