Bell Ringer What is the Compound Interest formula?

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Presentation transcript:

Bell Ringer 2-9-18 What is the Compound Interest formula? What does P stand for? What does n stand for? What is r? What is t?

Compound interest (exponential growth) Friday, February 9, 2018

Compound interest formula

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: 11-18

What is better, a higher interest percentage or compound more often? Exit ticket What is better, a higher interest percentage or compound more often?