1 / 12

Kristina Merkes Amanda Zager Alysha Wolosek Hour 3

3.6. Financial. Problems. Kristina Merkes Amanda Zager Alysha Wolosek Hour 3. How to figure Compound interest Video. http://www.youtube.com/watch?v=kFyDWNlQzT4&feature=player_detailpage#t=0s. 3.6 NOTES. EXCITING TOPICS: Compounding interest annually Compounding interest continuously

damara
Télécharger la présentation

Kristina Merkes Amanda Zager Alysha Wolosek Hour 3

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 3.6 Financial Problems Kristina Merkes Amanda Zager Alysha Wolosek Hour 3

  2. How to figure Compound interest Video http://www.youtube.com/watch?v=kFyDWNlQzT4&feature=player_detailpage#t=0s

  3. 3.6 NOTES EXCITING TOPICS: Compounding interest annually Compounding interest continuously EXAMPLES!!!

  4. Interest Compounded "k" times per year P= amount invested (principal amount) r = rate (as a decimal) n= number of times per year it is compounded t = number of years A= amount in account after "t" years

  5. Interest Compounded Continuously P= amount invested r = rate (as a decimal) t = number of years A= amount in account after "t" years

  6. EXAMPLES :) Find the amount A compounded annually using the given informationP= $3200 r = 8% n = 1 t = 4

  7. MORE EXAMPLES! Find the amount A compounded annually using the given information P= $15,500 r = 9.5% n = 1 t = 12 15,500

  8. GUESS WHAT? EXAMPLES!! Find the amount A, compounded continuously, using the given informationP= $3,350 r = 6.2% t = 8

  9. LAST BUT NOT LEAST... EXAMPLES! Find the amount A, compounded continuously, using the given information P= $8,875 r = 4.4% t = 25

  10. WORD PROBLEMS!! YAY!!! If Amanda invests $8,000 into a dream vacation account to Madagascar to see the meerkats, with a 9% interest rate compounded monthly, how long will it take until this single payment has grown in her account to $16,000? P = 8,000 r = 9% A= 16,000 t = ?

  11. MORE WORD PROBLEMS!! At what interest rate, compounded continuously, would $3000 grow to $300,000 in 25 years? P= $3000 r = ? t = 25 A=$300,000

  12. References http://www.neatorama.com/2006/07/21/funnymath-answers/ http://favim.com/image/346582/ http://qrc.depaul.edu/StudyGuide2009/Notes/Savigs%20Accounts/Compound%20Interest.htm http://www.hannytech.com/wallpapers/math_backrounds_for_powerpoint-wallpapers http://mrspedtechtalk.blogspot.com/2012/06/bit-ofhumor-inspiration.html http://blog.timesunion.com/opinion/mathcurriculu-abstract-misguided/14155/math-background/ Mrs. Barber’s website Pre-calculus textbook http://www2.bc.cc.ca.us/resperic/mathb1a/GrowthAndDecay.pdf http://cs.selu.edu/~rbyrd/math/continuous/con_sol3html http://web-design.lovetoknow.com/Math_Web_Page_Backgrounds

More Related