15. In the year 2000 several 1st year business students formed an investment group as part of a class assignment. The graph above show the growth of their investment portfolio over the past several years. (Note: t=0 is the year 2000) Growth of Investment Portfolio Year (t) Value of Investments (S) 2000 40 000 600 2001 53 000 450 2002 73 245 2003 98 415 300 2004 148 860 2005 223 500 150 2006 330 250 t 2007 490 850 Time (years) Determine the average rate of growth of their investment between 2000 and 2005. b) On the graph DRAW and use the centered interval to determine the rate of growth of their investment in 2006. a) Value (in $1000)

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15. In the year 2000 several 1st year business students formed an investment group as part of
a class assignment. The graph above show the growth of their investment portfolio over
the past several years. (Note: t=0 is the year 2000)
Growth of Investment Portfolio
Year (t)
Value of
Investments (S)
2000
40 000
2001
53 000
2002
73 245
2003
98 415
2004
148 860
2005
223 500
150
2006
330 250
t
2007
490 850
Time (years)
Determine the average rate of growth of their investment between 2000
and 2005.
b)
On the graph DRAW and use the centered interval to determine the rate of
growth of their investment in 2006.
a)
Value (in $1000)
600
450
300
Transcribed Image Text:15. In the year 2000 several 1st year business students formed an investment group as part of a class assignment. The graph above show the growth of their investment portfolio over the past several years. (Note: t=0 is the year 2000) Growth of Investment Portfolio Year (t) Value of Investments (S) 2000 40 000 2001 53 000 2002 73 245 2003 98 415 2004 148 860 2005 223 500 150 2006 330 250 t 2007 490 850 Time (years) Determine the average rate of growth of their investment between 2000 and 2005. b) On the graph DRAW and use the centered interval to determine the rate of growth of their investment in 2006. a) Value (in $1000) 600 450 300
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