Finding the AVG ROC for this problem

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SUMMARY

The discussion centers on calculating the average rate of change (ROC) for a bank account balance modeled by the function f(t) = 100(1.08)^t over the intervals [0, 0.5] and [0, 1]. The user initially miscalculated the function due to a typographical error, confusing 1.08 with 108. After correcting this mistake, the user successfully derived the average ROC for the interval [0, 0.5] as 7.8461, aligning with the textbook answer. The method employed involves calculating Δf and Δx, then dividing the former by the latter to find the average ROC.

PREREQUISITES
  • Understanding of exponential functions and their properties
  • Familiarity with the concept of average rate of change
  • Basic algebra for manipulating equations
  • Knowledge of function notation and evaluation
NEXT STEPS
  • Study the concept of average rate of change in calculus
  • Learn about exponential growth functions and their applications
  • Practice solving similar problems using the formula Δf/Δx
  • Explore advanced topics in calculus, such as derivatives and instantaneous rate of change
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Students studying calculus, particularly those focusing on rates of change and exponential functions, as well as educators seeking to clarify these concepts in a teaching context.

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Homework Statement



With an initial deposit of $100, the balance in a bank account after t years is f(t)=100(108)t dollars.
Find the average ROC over the intervals of [0, 0.5] and [0, 1]

Homework Equations



It first describes in the book the manner in which you solve this problem as such:
Δf= f(x1)-f(x0), Δx=x1-x0
So you calculate the first one, then divide it by the calculated result of the second one

In the book, it gives this example.
--Compute the avg ROC of v with respect to T over the interval [273,300].
Δv/Δt = (20√300 - 20√273)/(300-273) ≈ 15.95/27 ≈ 0.59 m/s per K

The Attempt at a Solution



So, I had already solved a problem for avg ROC using that formula and it was correct. Now, given that the answer to my current problem is in the back of the book, I cannot seem to match it.

My attempt for the ordered pair [0, 0.5] is as follows:

f(t) = 100(108)0.5-100(108)0
Any number to the power of zero = 1, therefore:
100(108)0.5-100(1)
1,039.230485 - 100 = 939.2304845
This would be the upper half, then divide this by the lower half, or x1-x0
which is 0.5 - 0...so

939.2304845 / 0.5 = 1,879.460969. The book gives the answer as 7.8461 for just that ordered pair. Once I figure out where I went wrong, I can figure out the second ordered pair. Appreciate any help.

EDIT: Wow I feel stupid. Ok, well, it is 1.08, not 108. Fixing that, and I get the right answer. Carry on, nothing to see here.
 
Last edited:
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Dustobusto said:

Homework Statement



With an initial deposit of $100, the balance in a bank account after t years is f(t)=100(108)t dollars.
Find the average ROC over the intervals of [0, 0.5] and [0, 1]

Homework Equations



It first describes in the book the manner in which you solve this problem as such:
Δf= f(x1)-f(x0), Δx=x1-x0
So you calculate the first one, then divide it by the calculated result of the second one

In the book, it gives this example.
--Compute the avg ROC of v with respect to T over the interval [273,300].
Δv/Δt = (20√300 - 20√273)/(300-273) ≈ 15.95/27 ≈ 0.59 m/s per K

The Attempt at a Solution



So, I had already solved a problem for avg ROC using that formula and it was correct. Now, given that the answer to my current problem is in the back of the book, I cannot seem to match it.

My attempt for the ordered pair [0, 0.5] is as follows:

f(t) = 100(108)0.5-100(108)0
Any number to the power of zero = 1, therefore:
100(108)0.5-100(1)
1,039.230485 - 100 = 939.2304845
This would be the upper half, then divide this by the lower half, or x1-x0
which is 0.5 - 0...so

939.2304845 / 0.5 = 1,879.460969. The book gives the answer as 7.8461 for just that ordered pair. Once I figure out where I went wrong, I can figure out the second ordered pair. Appreciate any help.

EDIT: Wow I feel stupid. Ok, well, it is 1.08, not 108. Fixing that, and I get the right answer. Carry on, nothing to see here.

ROC = rate of change?
 

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