Growth or Decay
If you invest money into an account which pays a specified interest rate, would you expect to have exponential growth or exponential decay?
Exponential growth
What is the interest rate for this investment?
A = 8000 ( 1 + (.04)(10))
4%
Identify the rate for the following Compound Interest equation:
A = 3,000 ( 1 + .02/4)^4x6
2%
Which method of calculating interest yields the GREATEST amount?
Continuously Compounded Interest
What kind of shoes do horses wear?
Horse shoes
If you borrow money from a bank or other credit agency that charges you interest, would you expect your personal wealth to grow or decay?
Decay
How many years was this investment for?
A = 4200 ( 1 + (.03)(5))
5 years
Identify the rate for the following Compound Interest equation:
A = 6,400 ( 1 + .025/52)^52x8
2.5%
(t) or time
What is the average height from the ground to the top of a horses back at the base of the neck?
A. 5ft
B. 8ft
C. 10ft
A. 5ft (according to google, 4'10" - 5'8")
True or False?
Exponential GROWTH is evident when the graph approaches zero over time.
What is the interest rate for this investment?
A = 2500 ( 1 + (.009)(8))
0.9% "point nine percent"
When interest is compounded quarterly, what is the value of 'n'?
n = 4
What does 'P' represent in the Continuously Compounded Interest formula? A = Pert
Principle (the same thing as in the other formulas)
What's the name of the famous talking horse from the 1960's?
Mr. Ed
For growth to occur in an exponential function, the multiplier (or base) must be greater than what number?
One
Which method of calculating interest yields the LEAST amount?
Simple Interest
When interest is compounded daily, what is the value of 'n'?
n = 365
For continuously compounded interest equations, what value is raised to a power?
The irrational number known as "e" (2.718.......)
What type of horse is famous from the Budweiser commercials?
Clydesdale
In an exponential function, which variable will be written as the exponent?
The x-variable
What number would you enter for the "time" when the information given says 18 months?
1.5 (because it's 1.5 years)
When interest is compounded semi-annually, what is the value of 'n'?
n = 2
What's the last name of the guy they named the irrational number "e" after?
Euler
What type of horse swims in the ocean?
Sea horse