Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest...
Transcript of Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest...
![Page 1: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/1.jpg)
Day 7 Applications Compound Interest Notes.notebook
1
April 11, 2019
EOC Spiral Review - Unit 2 4/9/19
Answer # 1 - 7 from the Coach Booklet in your INB.
pages 11-12
![Page 2: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/2.jpg)
Day 7 Applications Compound Interest Notes.notebook
2
April 11, 2019
![Page 3: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/3.jpg)
Day 7 Applications Compound Interest Notes.notebook
3
April 11, 2019
![Page 4: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/4.jpg)
Day 7 Applications Compound Interest Notes.notebook
4
April 11, 2019
![Page 5: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/5.jpg)
Day 7 Applications Compound Interest Notes.notebook
5
April 11, 2019
![Page 6: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/6.jpg)
Day 7 Applications Compound Interest Notes.notebook
6
April 11, 2019
![Page 7: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/7.jpg)
Day 7 Applications Compound Interest Notes.notebook
7
April 11, 2019
![Page 8: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/8.jpg)
Day 7 Applications Compound Interest Notes.notebook
8
April 11, 2019
4/9/19 Unit 3BDay 7 Applications of Exponential Functions Compound InterestPage 24
![Page 9: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/9.jpg)
Day 7 Applications Compound Interest Notes.notebook
9
April 11, 2019
Essential Question 4/9/19
How can I use exponential functions to solve compound interest problems?
Standard:MGSE9-12.A.CED.2
Create exponential equations in two or more variables to represent relationships between quantities. (The phrase “in two or more variables” refers to formulas like the compound interest formula, in which A = P(1 + r/n)nt has multiple variables.)
![Page 10: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/10.jpg)
Day 7 Applications Compound Interest Notes.notebook
10
April 11, 2019
Compound Interest
![Page 11: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/11.jpg)
Day 7 Applications Compound Interest Notes.notebook
11
April 11, 2019
![Page 12: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/12.jpg)
Day 7 Applications Compound Interest Notes.notebook
12
April 11, 2019
Example 1
![Page 13: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/13.jpg)
Day 7 Applications Compound Interest Notes.notebook
13
April 11, 2019
Example 2
![Page 14: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/14.jpg)
Day 7 Applications Compound Interest Notes.notebook
14
April 11, 2019
Example 3
![Page 15: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/15.jpg)
Day 7 Applications Compound Interest Notes.notebook
15
April 11, 2019
30 Seconds Expert:
Talk with your table partner
1. What are the parts of the formula for compound interest?
2. Explain the parts.
![Page 16: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/16.jpg)
Day 7 Applications Compound Interest Notes.notebook
16
April 11, 2019
Class Work/Home Work -
4/10/19
Day 6: Applications of Exponential Functions # 1 - 5
![Page 17: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/17.jpg)
Day 7 Applications Compound Interest Notes.notebook
17
April 11, 2019
Work with your table partner...
![Page 18: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/18.jpg)
Day 7 Applications Compound Interest Notes.notebook
18
April 11, 2019
Example 2: A pot of soup, currently at 84 C is left out to cool. If that temperature decreases by 5% per minute, what will the temperature be in 5 minutes?
![Page 19: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/19.jpg)
Day 7 Applications Compound Interest Notes.notebook
19
April 11, 2019
Example 3: The population of a small town started at 233 people in 1999. If the population grows at a rate of 16% per year, how many people are now in the town in 2006?
![Page 20: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/20.jpg)
Day 7 Applications Compound Interest Notes.notebook
20
April 11, 2019
![Page 21: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/21.jpg)
Day 7 Applications Compound Interest Notes.notebook
21
April 11, 2019
![Page 22: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/22.jpg)
Day 7 Applications Compound Interest Notes.notebook
22
April 11, 2019
Example 5: The value of a rare baseball card increases every year at a rate of 4%. Today, the card is worth $300. The owner expects to sell the card as soon as the value is over $600. How many years will the owner wait before selling the card? Round your answer to the nearest whole number.
![Page 23: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/23.jpg)
Day 7 Applications Compound Interest Notes.notebook
23
April 11, 2019
Closing:
If there is a % change, the base for growth is (_____) and for decay is (_____).
What's going to be the base of the exponential function in the following cases?
![Page 24: Day 7 - Applications - Compound Interest Notes.notebook · Day 7 Applications Compound Interest Notes.notebook 22 April 11, 2019 Example 5: The value of a rare baseball card increases](https://reader036.fdocuments.in/reader036/viewer/2022071007/5fc4608cc89136612e23f9e6/html5/thumbnails/24.jpg)
Day 7 Applications Compound Interest Notes.notebook
24
April 11, 2019
1. 20% increase 2. 15% decrease
3. 8% increase 4. 4% decrease
5. 12.5% increase 6. 42.5% decrease