UCSS Math I 2.2.4 Example 3

Destiny invests $3,200 at a rate of 3.4%, compounded monthly. The function that models this situation is [math]f(x)=3200(1+\frac{0.034}{12})^{12x}[/math] , where [math]x[/math] represents the time in years. What is the rate of change between [math]x[/math] = 2 years and [math]x[/math] = 5 years?

[list=1] [*]Determine the corresponding [math]\textit{y}[/math]-values for the given interval. [*]Calculate the change in [math]\textit{y}[/math]-values. [*]Calculate the change in [math]\textit{x}[/math]-values. [*]Determine the rate of change. [/list] This applet is provided by Walch Education as supplemental material for the [i]UCSS Secondary Math I[/i] program. Visit [url="http://www.walch.com"]www.walch.com[/url] for more information on our resources.