Question

What is the constant rate of change if you started with an account value of $1,000 and after 3 years the account value was $1,750?(1 point)
The constant rate of change is $ per year.

Answer 1

To calculate the constant rate of change, we can use the formula:

\[
\text{Rate of Change} = \frac{\text{Change in Value}}{\text{Change in Time}}
\]

1. **Initial value** = $1,000
2. **Final value after 3 years** = $1,750

**Change in Value** = Final Value - Initial Value
\[
= 1750 - 1000 = 750
\]

**Change in Time** = 3 years

Now we can plug in these values into the formula:

\[
\text{Rate of Change} = \frac{750}{3} = 250
\]

Thus, the constant rate of change is **$250 per year**.