The future value of a certain savings account with no activity besides compounding of interest is modeled as dollars where t is the number of years since $1600 was invested.
Calculate the percentage rate of change of the future value when .
A) 3.97% per year
B) 90.80% per year
C) 9.08% per year
D) 25.41% per year
E) 22.87% per year

Question

The future value of a certain savings account with no activity besides compounding of interest is modeled as  dollars where t is the number of years since $1600 was invested.
Calculate the percentage rate of change of the future value when  .
A) 3.97% per year 
B) 90.80% per year 
C) 9.08% per year 
D) 25.41% per year 
E) 22.87% per year

Quizplus · Accepted Answer

The Answer of The future value of a certain savings account with no activity besides compounding of interest is modeled as  dollars where t is the number of years since $1600 was invested.
Calculate the percentage rate of change of the future value when  .
A) 3.97% per year 
B) 90.80% per year 
C) 9.08% per year 
D) 25.41% per year 
E) 22.87% per year

The Future Value of a Certain Savings Account with No