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Unit 2 - Day 5 Compound Interest
Objective: SWBAT build exponential functions to represent relationships given a real-world situation or mathematical process.
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What do we need to go over as a class?
Warm Up/Homework Review 1. x = b = 8, -2 3. p = 7/ x = 12.5 5. a = x = 5 7. n = x = 1, -1 9. m = x = 1/28 11. v = x = (2 - 2e)/3e 25. x = 5.5 Check your answers! What do we need to go over as a class?
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* * * QUIZ * * * Clear your desks! Pencil & Calculator only!
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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
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in years n = 1, if annually; n = 12, if monthly
n = 52, if weekly; n = 4, if quarterly
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Continuously Compounding
in years e = Euler’s number =
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quarterly?
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Practice Problems Worksheet HW: Finish problems on worksheet
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Group Project ~Group work~ Progress: Section 1 Section 2 Section 3
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Review videos:
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