Unit 2 - Day 5 Compound Interest

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Presentation transcript:

Unit 2 - Day 5 Compound Interest Objective: SWBAT build exponential functions to represent relationships given a real-world situation or mathematical process.

What do we need to go over as a class? Warm Up/Homework Review 1. x =3 13. b = 8, -2 3. p = 7/9 15. x = 12.5 5. a = -1 17. x = 5 7. n = -2 19. x = 1, -1 9. m = -100 21. x = 1/28 11. v = -6 23. x = (2 - 2e)/3e 25. x = 5.5 Check your answers! What do we need to go over as a class?

* * * QUIZ * * * Clear your desks! Pencil & Calculator only!

Compound Interest You make a $1,000 deposit into an account that pays 12% interest, compounded annually. How much will you have in your account at the end of 10 years? Compound Interest

in years n = 1, if annually; n = 12, if monthly n = 52, if weekly; n = 4, if quarterly

Continuously Compounding in years e = Euler’s number = 2.71828...

quarterly?

Practice Problems Worksheet HW: Finish problems on worksheet

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Review videos: http://bit.ly/unit2video7 http://bit.ly/unit2video8