Concept explainers
Work these exercises. (See Example 5.)
Nonperforming Bank Loans The percentage of loans that are nonperforming in year x can be approximated by
where
The percentage of loans that were nonperforming in 2015.
The rate at which nonperforming loans were changing in 2015.
Were nonperforming loans increasing or decreasing in 2015?
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Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
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