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? (1 point)
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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Option (b) may be.....
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Answer
C.) 12.86
Step-by-step explanation:
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