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Warm Up – 4/23 - Thursday Erin deposits $1200 into a bank account that grows at an interest rate of 5%. Find the amount in the account after 3 years if.

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Presentation on theme: "Warm Up – 4/23 - Thursday Erin deposits $1200 into a bank account that grows at an interest rate of 5%. Find the amount in the account after 3 years if."— Presentation transcript:

1 Warm Up – 4/23 - Thursday Erin deposits $1200 into a bank account that grows at an interest rate of 5%. Find the amount in the account after 3 years if the interest is compounded: A) Annually B) Monthly C) Continuously 2. Bill has had his money in a savings account for 10 years. The account currently has $2, If the account accumulates interest at a rate of 3% compounded quarterly, find how much Bill initially deposited.

2 Quiz Friday Sketching Exponential Functions
Compound Interest/Compounding Continuously Converting an Exponential to a Log Converting a Log to an exponential

3 Properties of Logs CW

4 Rules of Logarithms log 𝑎 𝑏 + log 𝑎 𝑐 = log 𝑎 (𝑏∙𝑐)
THESE RULES ONLY APPLY IF THE BASE IS THE SAME!!! log 𝑎 𝑏 + log 𝑎 𝑐 = log 𝑎 (𝑏∙𝑐) log 𝑎 𝑏 − log 𝑎 𝑐 = log 𝑎 𝑏 𝑐 log 𝑎 𝑏 𝑐 =𝑐∙ log 𝑎 𝑏

5 Example #1 log log 3 4

6 Example #1 - Solution When I add logs with the same base, I can multiply their insides. log log 3 4 = log 3 5∙4 = log 3 (20)

7 Example #2 log log log 7 5

8 Example #2 - Solution log 7 4 + log 7 2 + log 7 5

9 Example #3 log − log 8 4

10 Example #3 - Solution When we subtract logs, we divide the insides.
log − log 8 4 log , If possible reduce the fraction, if not leave it as is.

11 Example #4 log 7 − log log 2

12 Example #4 - Solution Whenever mixing addition and subtraction, work from left to right. log 7 − log log 2 log log 2 log ∙2 = log

13 Example #5 2log 9 7

14 Example #5 - Solution When we multiply on the outside of the log we can move that number into the exponent on the inside! 2 log = log = log

15 Example #6 3 log −2 log 3 (2)

16 Example #6 - Solution We ALWAYS take care of the exponents first!
3 log −2 log 3 (2) log − log log − log 3 4 log


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