EOC Competition Flashcard #2 A2B

Front

Back

Front

What is the formula for continuous compounding of interest?

Back

Front

If a savings account has a balance of $1383.00 and an interest rate of 3% compounded continuously, what will the balance be after 6 years?

Back

$1,655.75

Front

Back

Front

Back

Front

Back

The initial number of waves increases at a rate of 15% each day.

Front

What is the definition of a logarithm?

Back

A logarithm is the inverse operation to exponentiation, answering the question: to what exponent must a base be raised to produce a given number.

Front

What is the relationship between exponential functions and logarithmic functions?

Back

Exponential functions can be expressed in logarithmic form and vice versa; they are inverse functions.

Front

How do you round a number to the nearest ten-thousandth?

Back

Look at the fifth digit to the right of the decimal point; if it's 5 or more, round up the fourth digit.

Front

What is the formula for calculating the future value of an investment compounded continuously?

Back