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In order to save for college, you invested your summer savings of $2,000 into an account at the bank. The interest rate is 3.2% and the interest is compounded.

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Presentation on theme: "In order to save for college, you invested your summer savings of $2,000 into an account at the bank. The interest rate is 3.2% and the interest is compounded."— Presentation transcript:

1 In order to save for college, you invested your summer savings of $2,000 into an account at the bank. The interest rate is 3.2% and the interest is compounded continuously for four years. Answer the following questions to the best of your knowledge: What type of function is represented by the above question? What does “compounded continuously” mean? What is the difference between compounding continuously and simple interest?

2 Exponential and Logarithmic Functions

3 Converting from log to exp. Convert to an exponential and solve

4 Properties of Logarithms (Very important for logarithmic differentiation) 1) 2) 3)

5 Ex1) Condense and write as a single log Ex2) Condense and write as a single log

6 Solving Logarithmic and Exponential Functions Ex1) Solve ***Change of base formula***

7 Ex2) Solve Ex3) Solve

8 Ex4) Solve Ex5) Solve

9 Ex6) Solve Ex7) Solve

10 Pg. 355 (11-33odd, 55-75odd, not 61 or 63---No calculators)


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