A sum of $1500 is deposited in an account with an interest rate of r percent per
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A sum of $1500 is deposited in an account with an interest rate of r percent per year, compounded daily. At the end of 5 years, the balance in the account is given by
Find and interpret the rate of change of A with respect to r for the following interest rates.
(a) 6%
(b) 8%
(c) 9%
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dAdr is the rate of change of A with respect to r a For r ...View the full answer
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