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Warm-up

Warm-up. Simplify the expressions. Use Functions involving e. EQ: When is the natural base e useful? Mastery demonstrated in summary of notes and in practice problems. The natural base e or the Euler number. is a special number like. Example 1 Simplify the expressions.

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EXAMPLE 5

Finance. You deposit $4000 in an account that pays 6% annual interest compounded continuously. What is the balance after 1 year?. A. Pe rt. =. =. 4000. e 0.06(1). 4247.35. ANSWER. The balance at the end of 1 year is $4247.35. EXAMPLE 5. Model continuously compounded interest.

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Deposit 2500 - PowerPoint PPT Presentation

Warm-up

EXAMPLE 5