After receiving her retirement pay of P10,000,000, Hazel is approached by two banks offering slightly different deposit products. Bank A is offering an

interest rate of 5% with the interest computed on a simple basis. On the

other hand, Bank B offers a lower rate of 4.5%, compounded annually. If

Hazel intends to keep the deposit for the next 10 years, which bank offers

the better product?

Answer

bank b and yea

Step-by-step explanation:

1 number

if we use a graphing calculator, there is only one such number that satisfies the conclusion of the mean value theorem, that is, a number such that

where the right-hand side is the average rate of change of f on the interval [0.5,0.75], which is the slope of the secant line.

in the attached graph, the black line is the secant line which has its slope as the average rate of change of f on [0.5,0.75], while the orange line is the only tangent line to the graph of f in the interval that satisfies the mvt conclusion.