3.1 Exponential Functions

Ex. 8) On the day of a child's birth, $25,000 is deposited into a trust fund that pays 8.25% interest. What is the balance in this account on the child's 18th birthday if the interest isa) compounded quarterly

b) compounded monthly

c) compounded continously

Ex. 9) In 2010, the current population of Visalia is approximately 125,921 people. If the population is increasing at a rate of 4%, estimate the population in 2060.

Assignment:

#22 p. 226 #4, 7-10, 13, 16, 28, 29, 35, 46, 48, 53, 58, 62, 67