Finding the AVG ROC for this problem

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In summary, the conversation discusses finding the average rate of change (ROC) for a bank account balance and solving for a specific ordered pair using a formula. The correct answer is achieved by correcting a mistake in the formula.
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Dustobusto
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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.
 
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  • #2
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?
 

Related to Finding the AVG ROC for this problem

1. What is the AVG ROC?

The AVG ROC, or Average Rate of Change, is a mathematical concept used to calculate the average rate at which a variable changes over a specific time interval.

2. How is the AVG ROC calculated?

The AVG ROC is calculated by taking the difference between the initial and final values of a variable, and dividing it by the time interval between them. This gives the average rate of change over that interval.

3. Why is it important to find the AVG ROC?

Finding the AVG ROC is important in many scientific fields, such as physics, economics, and biology. It allows us to understand how a variable is changing over time and make predictions about its future behavior.

4. What types of problems require finding the AVG ROC?

Any problem that involves tracking the change of a variable over time may require finding the AVG ROC. For example, calculating the growth rate of a population, or the speed of an object moving at a constant acceleration.

5. Are there any limitations to using the AVG ROC?

While the AVG ROC is a useful tool, it does have limitations. It assumes a constant rate of change over the time interval, which may not always be the case in real-world situations. It is also important to consider the units and time scale when interpreting the results of the AVG ROC calculation.

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