journal: write an exponential growth equation using the natural base with a horizontal asymptote of...
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Journal: Write an exponential growth equation using the natural base with a horizontal asymptote of y=-2
Account Balance:
You deposit $2000 in an account that earns 5% annual interest. Find the balance after 2 years if the interest is compounded monthly.
7Compound Interest
• A –future amount• P – Principal (initial amount)• r – annual rate of interest• n – number of time compounded annually• t – time left in account
Account Balance: You deposit $2000 in an account that earns
5% annual interest. Find the balance after 2 years if the interest is compounded
monthly.
Account Balance: You deposit $3000 in an account that earns
3.5% annual interest. Find the balance after 3 years if the interest is compounded
quarterly.
Account Balance:
You deposit $725 in an account that earns 4.5% annual interest compounded continuously. Find the balance after 3 years.
7Compound Interest
• A –future amount• P – Principal (initial amount)• e –irrational number on calculator• r – annual rate of interest• t – time left in account
Account Balance: You deposit $725 in an
account that earns 4.5% annual interest compounded continuously. Find the balance after 3 years.
Account Balance: You deposit $3000 in an account that earns
3.5% annual interest. Find the balance after 3 years if the interest is compounded
continuously.
Polish your evaluating exponential functions
Complete the worksheet on calculating interest
Assignment
Interest worksheet
Exponential Decay Model
Exponential Growth Model
Assignment
Exponential Model worksheet