Mathematics

Elisha

10 May, 23:49

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: 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 C. 12.86 dollars per year D. 14.26 dollars per year

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