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Bell Ringer What is the Compound Interest formula?

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Presentation on theme: "Bell Ringer What is the Compound Interest formula?"— Presentation transcript:

1 Bell Ringer 9-14-17 What is the Compound Interest formula?
What does P stand for? What does n stand for? What is r? What is t?

2 Compound interest formula

3 Compound interest (exponential growth)
Thursday, September 14, 2017

4 Compounded Continuously

5 So what is compound interest used for?
Compound Interest Explained

6 Good Compound interest

7 bad Compound interest

8 How to Cut Credit Card Interest
Avoid Perma Debt How to Cut Credit Card Interest

9 examples

10 Work Compound Interest Classwork: 1-10 Homework: 11-20

11 Exit ticket What is the difference between compounded continuously and regular compound interest? What is better, a higher interest percentage or compound more often?


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