Bell Ringer What is the Compound Interest formula?

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Presentation transcript:

Bell Ringer 9-14-17 What is the Compound Interest formula? What does P stand for? What does n stand for? What is r? What is t?

Compound interest formula

Compound interest (exponential growth) Thursday, September 14, 2017

Compounded Continuously

So what is compound interest used for? Compound Interest Explained

Good Compound interest

bad Compound interest

How to Cut Credit Card Interest Avoid Perma Debt How to Cut Credit Card Interest

examples

Work Compound Interest Classwork: 1-10 Homework: 11-20

Exit ticket What is the difference between compounded continuously and regular compound interest? What is better, a higher interest percentage or compound more often?