[Steps Shown] The total cost of repaying a student loan at an interest rate of r % per year is C=f(r). What is the meaning of the derivative f'(r) ? What does


Question: The total cost of repaying a student loan at an interest rate of r % per year is \(C=f\left( r \right)\).

  1. What is the meaning of the derivative \(f'\left( r \right)\) ?
  2. What does the statement \(f'\left( 10 \right)=1200\) mean?

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