Download presentation

Presentation is loading. Please wait.

Published byKaylie Haswell Modified over 2 years ago

2
CONTINUOUSLY COMPOUNDED INTEREST FORMULA amount at the end Principal (amount at start) annual interest rate (as a decimal) time (in years)

3
Suppose $5000 is put into an account that pays 4% compounded continuously. How much will be in the account after 3 years? Example 1

4
If interest is compounded continuously at 4.5% for 7 years, how much will a $2000 investment be worth at the end of 7 years? Example 2

5
How long will it take $3000 to double if it is invested in an account that pays 3% compounded continuously? Example 3

6
If $8000 is invested in an account that pays 4% interest compounded continuously, how much is in the account at the end of 10 years? Example 4

7
How long will it take $4000 to triple if it is invested at 5% compounded continuously? Example 5

Similar presentations

OK

Section 11.3 – The Number e. Compound Interest (Periodically) A – Accumulated Money P – Principal (Initial Amount) r – Interest Rate (in decimal form)

Section 11.3 – The Number e. Compound Interest (Periodically) A – Accumulated Money P – Principal (Initial Amount) r – Interest Rate (in decimal form)

© 2018 SlidePlayer.com Inc.

All rights reserved.

Ads by Google

Download ppt on folk dances of india Ppt on wpi and cpi Ppt on bodybuilding Ppt on nutrition in plants and animals Ppt on sikkim culture and tradition Ppt on ill effects of intoxicating substances supply act Ppt on model view controller definition Ppt on field study in education Ppt on chapter 3 atoms and molecules elements Ppt on free space optical communication link