Learn how to model a word problem with exponential growth function

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Learn about compound interest. We will look at how to determine the final value, initial value, interest rate and years needed. We will investigate problems compounded continuously, daily, weekly, monthly, quarterly and yearly. These changes will impact our problems as well as the time we allow for the money to be compounded and the interest rate. We will explore e, where it comes from and how it is used in compounding interest continuously and simple interest.
#compoundinterest #exponentialfunctions
  1. Brian McLogan
  2. exponential
  3. logarithmic
  4. expression
  5. equation
  6. convert
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I just want to say, I am a Senior in high school and I love your videos! I feel like I have done these types of equations years ago, and have forgotten half of these functions, but I love re-looking through your channel to refresh my memory. Your students are very lucky to have you as a teacher. Your teaching skills are amazing, and as a senior this year I would love if my teachers taught math this simple and easy to understand. Keep it up and please never not uploading! You’re truly my life savor.

ari.a
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Hello! Shouldn't 13% be converted to 0.13 rather than 0.013 when using the decimal form?

fatimamohammed
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This video actually helped me understand thank you

anthonyssilva
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if you look you would see 1.3% which is 0.013 so he is correct

yaniquethomas
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To save for a new car, Trafton invested $3, 000 in a savings account that earns 5.5% interest, compounded continuously. After four years, he wants to buy a used car for $4, 000. How much money will he need to pay in addition to what is in his savings account? (Round your answer to the nearest cent.)

Hey Mr. McLogan I have been stuck on this problem for days. Is there any way you can help me. Or anyone can help please.

BigrodRodney
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now it has to incorporate online calculators, software and computers, as math should be teach now...

MrKidgavilan