Question

jack invested some money in a bank at a fixed rate of interest compound annually . The equation below shows the value of his investment after x years.

F(X)=300(1.02) ^x

what was the average rate of change of the value of Jack's investment from the third year to the fifth year.

A 6.43 dollars per year
B 8.24 dollars per year
3. 12.86 dollars per year
4. 14.26 dollars per year

Answer 1

did you ever get the answer

Answer 2

B