The graph of the function models simple interest growth.  What is the annual increase in the total account balance?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 8E
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The graph of the function models simple interest growth.  What is the annual increase in the total account balance? 

O $115.50
O $110.00
O $11.00
O $5.50
Transcribed Image Text:O $115.50 O $110.00 O $11.00 O $5.50
Total Account Balance (dollars)
200 y
180
160
140
120
100(0,110)
80
60
40
(1, 115.5)
20
(3,126.5)
(2, 121)
0 1 2 3
Years
(4,132)
4
5
ҳ
Transcribed Image Text:Total Account Balance (dollars) 200 y 180 160 140 120 100(0,110) 80 60 40 (1, 115.5) 20 (3,126.5) (2, 121) 0 1 2 3 Years (4,132) 4 5 ҳ
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