Account growth: The table below shows the balance B in a savings account, in dollars, in terms of time t, measured as the number of years since the initial deposit was made. a. Was the yearly interest...



Account growth: The table below shows the balance B in a savings account, in dollars, in terms of time t, measured as the number of years since the initial deposit was made.


a. Was the yearly interest rate constant over the first 4 years? If so, explain why and find that rate. If not, explain why not. (Round the ratios to two decimal places.)


b. Estimate B(2.75) and explain in practical terms what your answer means. (Assume that interest is compounded and deposited continuously.)



May 06, 2022
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