Exponential Word Problems
I was able to solve problems using compound interest.
Example:
Find the accumulated amount of money after 5 years if $4300 is invested at 6% per year compounded quarterly. Find the growth factor.
Essential Question:
How much will your dream car be worth in 5 years with continuously compounded interest?
My dream car will is worth 1,335,201.34
A= 1,335,201.34
P= 109,600
R= .07
T=5
My misconceptions for this lesson : My misconception was almost the whole lesson I didn't really understand any of it. I did not get over this misconception.
How much will your dream car be worth in 5 years with continuously compounded interest?
My dream car will is worth 1,335,201.34
A= 1,335,201.34
P= 109,600
R= .07
T=5
My misconceptions for this lesson : My misconception was almost the whole lesson I didn't really understand any of it. I did not get over this misconception.
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