When a deposit of $1000 is made into an account paying 2% interest, compounded annually, the balance, $B, in the account after t years is given by B = 1000(1.02)t. Find the average rate of change in the balance over the interval t = 0 to t = 5. Give units and interpret your answer in terms of the balance in the account.

The average rate of change in the balance over the interval t = 0 to t = 5 is of $20.82 a year. This means that the balance increased by $20.82 a year over the interval t = 0 to t = 5.

Step-by-step explanation:

Given a function y, the average rate of change S of y=f(x) in an interval will be given by the following equation:

In this problem, we have that:

Find the average rate of change in the balance over the interval t = 0 to t = 5.

Then

The average rate of change in the balance over the interval t = 0 to t = 5 is of $20.82 a year. This means that the balance increased by $20.82 a year over the interval t = 0 to t = 5.

i think it is 18

step-by-step explanation:

slope= 1

y-inter slope= 0

x       y

o     0

1       1

2     2

ect.

step-by-step explanation: