Question

A) 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 find the constant rate of change, you can use the formula for the rate of change, which is:

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

1. **Calculate the Change in Value**:
\[
\text{Change in Value} = \text{Final Value} - \text{Initial Value} = 1750 - 1000 = 750
\]

2. **Calculate the Change in Time**:
\[
\text{Change in Time} = \text{Final Time} - \text{Initial Time} = 3 - 0 = 3 \text{ years}
\]

3. **Calculate the Rate of Change**:
\[
\text{Rate of Change} = \frac{750}{3} = 250
\]

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