TODAY IN ALGEBRA 2.0…  Learning Target 1: 7.1 You will write and solve equations using exponential GROWTH  Independent Practice  Return Ch.6 Tests –

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TODAY IN ALGEBRA 2.0…  Learning Target 1: 7.1 You will write and solve equations using exponential GROWTH  Independent Practice  Return Ch.6 Tests – Ch. 6 RETAKES!

7.1 EXPONENTIAL GROWTH PARENT FUNCTIONEXPONENTIAL GROWTH with fixed percent each year EXPONENTIAL GROWTH with COMPOUND INTEREST

7.1 EXPONENTIAL GROWTH PARENT FUNCTIONEXPONENTIAL GROWTH with fixed percent each year EXPONENTIAL GROWTH with COMPOUND INTEREST

7.1 EXPONENTIAL GROWTH: EXAMPLE In 1996, there were 2573 computer viruses and other computer security incidents. During the next 7 years the number of incidents increased by 92% each year. Write an exponential growth model. About how many incidents were there in 2003?

7.1 EXPONENTIAL GROWTH: Practice Starting salary for a college graduate with a bachelor’s degree is $42,000 per year with an average annual increase of 8%. After 10 years how much would an average college graduate make?

7.1 EXPONENTIAL GROWTH PARENT FUNCTIONEXPONENTIAL GROWTH with fixed percent each year EXPONENTIAL GROWTH with COMPOUND INTEREST

7.1 EXPONENTIAL GROWTH: EXAMPLE You deposit $4000 in an account that pays 2.92% annual interest. Find the balance after 1 year if the interest is compounded with the given frequency. a.Quarterly: b.Daily: c.Monthly:

7.1 EXPONENTIAL GROWTH: PRACTICE You deposit $2000 in a account that pays 4% annual interest. Find the balance after 3 years if the interest is compounded daily.

7.1 EXPONENTIAL GROWTH: PRACTICE Find the value of $2500 deposited for 12 years in an account paying 7% annual interest compounded monthly.

HOMEWORK #1: Pg. 483: 28-30, 37, 38 Pg. 543: 27-28