Question

15 points and BRAINLIEST Alyssa invested $500 into an account. The value of the account after t years can be found using the function r(t) = 500(1.068). What is the percent annual rate of change
in the value of the account?

Answer 1

Answer:

annual rate: r = 0.068

Step-by-step explanation:

The formula is r(t) = P(1+r)^t

Since the time is already in years we just have to solve for the rate

1 + r = 1.068

r = 0.068

Answer 2

The rate of change in the value of account is 0.068

What is rate of change?

'Rate of change is used to mathematically describe the percentage change in value over a defined period of time.'

According to the given problem,

Annual rate:

r = 0.068

The formula is r(t) = $P( 1 + r )^{t}$

Therefore, solving for the rate

⇒ 1 + r = 1.068

⇒ r = 0.068

Learn more about rate of change here: https://brainly.com/question/14418346

#SPJ2