4. SAS 3 Part 2- Continuous Interset

Continuous Interest

Exponential Growth

Exponential Decay

#1. Go to Desmos. Type in e. Write the number down.

​

Page 3 #1 & 2

#2. Use Google

​

Match

3. 3. What would Rachel's parents find their balance to be after 3 years if they placed the $1,000 gift in a savings account that compounded continuously at an 8% annual interest rate?

• P=

• r=

• t=

1000

8%=.08

3

• 1000

• 8%=.08

• 3

Match

3. 4. An initial deposit of $1,000 is made into a savings account that is compounded continuously at 3% interest. How much money will be in the account after 18 years?

• P=

• r=

• t=

1000

3%=.03

18

• 1000

• 3%=.03

• 18

Match

5. 5. A certain population has been shown to have a 2% annual growth rate. The initial population is 75,000. What will the population be after 10 years?

• a=

• r=

• t=

75,000

2%=.02

10

• 75,000

• 2%=.02

• 10