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