IMT NOTES The following graph shows the approximate value V(t) of subprime (normally classified as risky) mortgage debt outstanding in the United States. Subprime debt outstanding 1,400 1,200 1,000 800 600 %24 400 200 0. 4 6 8. 2000 2008 Year (1) Use the graph to estimate, to one decimal place, the average rate of change of V(t) with respect to t over the interval [0, 4] and interpret the result. The average rate of change is which means that the subprime mortgage debt outstanding was -Select-O ---Select--- O between the years and at an average rate of around $ (Billions)

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