Algebra Ch 46: Exponential Functions (3 of 12) Solve Compounded YEARLY Word Problem

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We will solve YEARLY compounding: Peanuts currently cost $2.66/lb. The price is expected to increase by 5%/year over the next 6 years. How much will the peanuts cost in 6 years? (YEARLY compounding)

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[aliso-pvll]

"Oh" is a letter! "Zero" is a number! Zero is a symbol for the absence of something, not a symbol for nothing. Nothing is a hard concept to grasp. This reminds one of an old saying: "If you having nothing to do, go do nothing someplace else!" Doc B thanks to you and your Mrs. for the excellent videos.

[topperkuk]

Thank you Michel, excellent lesson as always

[mikasa]

Can you please make a video about how can we solve the exponencial function limits ?

[knowledgeiseverything]

Hey do you know anything about accounting if so can you do a video on it idk why im struggling with it

[romanemul]

0:39 Dear sir . Why 1 + what does 1 means ?

[mikedaniels]

Dear Sir, with utmost respect I identify you as one of the top leading math teachers on YouTube, however, wouldn't it be great and more conducive to success in life if your examples got with the times and instead of focusing on "peanuts" kids learned maths for making "real money", how "money makes money" and how to compound it in, say, the stock markets, eg dividend reinvestment, trading proceeds reinvesting, etc? And negative compound interest as a note of warning to those over indulging in spending on credit... True to the famous corollaires attributed to Einstein & Ben Franklin. Thank you very kindly.