Instantaneous rate of change is essentially the rate of change of a function at a single point, or the "slope" of a function at a single point.
It may be easy to determine the instantaneous rate of change for a function like y=mx+b, since the slope is given to you as m, however, it may be harder to determine for more complex functions.
Approximating instantaneous rate of change
One way to calculate the instanuous rate of change at some point (a,f(a)) is to use the average rate of change formula such that x1=a and y1=f(a), but then x2=a+h and y2=f(a+h) for some small value of h.
From this information, we can come up with a formula for the approximate instantaneous rate of change:
instantaneous rate of change ≈(x+h)−(x)f(a+h)−f(a)=hf(a+h)−f(a)
Where h is a small value. The smaller the value of h, the more accurate the value obtained from the equation.
visualization
The following animation illustrates how the instantaneous rate of change, as well as its formula works:
Slope m becomes more accurate as h gets smaller
Calculating instantaneous rate of change
Although our current method of finding the instantaneous rate of change is somewhat accurate at small values of h, there is a much better method that removes the inaccuracies.
If we combine the previous formula with a limit for h as it gets closer to 0, we can get the exact value of the instantaneous rate of change at any point!
Here's the formula:
instantaneous rate of change =h→0limhf(a+h)−f(a)
example
Find the instantaneous rate of change of the function f(x)=x2+4x at x=2
answer
Use the formula from above:
h→0limhf(a+h)−f(a)
=h→0limh[(a+h)2+4(a+h)]−[a2+4a]
=h→0limha2+2ah+h2+4a+4h−a2+4a
=h→0limha2+2ah+h2+4a+4h−a2+4a
=h→0limh2ah+h2+4h
=h→0limhh(2a+h+4)
=h→0limhh(2a+h+4)
=h→0lim(2a+h+4)
=2a+4
=2(2)+4 (since x=a=2)
=8
∴ The instantaneous rate of change of f(x) at x=2 is 8