OpenStax, Precalculus 2e §12.2 Finding Limits: Properties of Limits · Exercise 60 · Algebra · Expressions

Finding Limits: Properties of Limits · Exercise 60

The amount of money in an account after $t$ years compounded continuously at 4.25% interest is given by the formula $A = A_{0} e^{0.0425 t},$ where $A_{0}$ is the initial amount invested. Find the average rate of change of the balance of the account from $t = 1$ year to $t = 2$ years if the initial amount invested is $1,000.00.

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OpenStax, Precalculus 2e · §12.2 Finding Limits: Properties of Limits · Exercise 60

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