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
Correct Answer:
Verified
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