Question

Jack invested some money in a bank at a fixed rate of interest compounded annually. The equation below shows the value of his investment after x years: What is the average rate of change of the value of Jack’s investment from the 3rd year to the 5th year Write your answer to the hundredths place.

Answer 1

Answer: The average rate of change of Jack's investment from the third year to the fifth year is $6.43

Step-by-step explanation:

The function that defines the value of his investment after x years,

Putting the value of x as 3 and 5, we can get the value of his investment after 3 years and 5 years respectively.