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Compound Interest problems
Compound Interest example problem
Suppose you make a deposit of $8,000 in the bank account that earns you 5.5% interest. Assuming that you are not withdrawing any funds, find the amount, in dollars, that will be in your bank account 1 year from the date of your initial deposit if
a) Interest is compounded daily
b) Interest is compounded monthly
c) Interest is compounded quarterly
d) Interest is compounded continuously
Solution to this Compound Interest practice problem is given in the video below!
TRY IT YOURSELF example question
On January 1, 2021 you borrow a $15,000 loan from the bank with a 7.5% accrued interest. If you do not plan on making any payments during the loan period, find the total balance of your loan, in dollars, that you will owe to the bank on January 1, 2022 for
a) Daily compounded interest
b) Weekly compounded interest
c) Monthly compounded interest
d) Quarterly compounded interest
e) Semi-annually compounded interest
f) Continuously compounded interest
Equation from Table of Ordered Pairs problems
Linear Quadratic Exponential Equation Comparison from Table of Ordered Pairs example question
Determine whether the given set of ordered pairs (x, y) below follows a Linear, Quadratic or Exponential Equation such as
Then, find the missing constants in that Equation.
(x, y)
(3, 81)
(4, 144)
(5, 225)
(6, 324)
(7, 441)
Solution to this Table of Values Linear Quadratic Exponential Equation practice problem is given in the video below!
Linear Quadratic Exponential Equation Comparison from Table of Ordered Pairs example problem
Given the set of ordered pairs (x, y) below determine whether the Graph shows a Linear, Quadratic or Exponential Equation such as
Then, find the missing constants in that Equation.
(x, y)
(1, -3)
(2, -9)
(3, -27)
(5, -243)
Solution to this Table of Values Linear Quadratic Exponential Equation practice problem is given in the video below!
Exponential Equation problems
Exponential Equations example question
Solve the following Exponential Equation:
Solution to this Exponential Equation practice problem is provided in the video below!
Exponential Equation example problem
Solve the Exponential Equation provided below:
Solution to this Exponential Equation practice problem is provided in the video below!
Exponential Equations example
Find solutions to the given Exponential Equation:
Solution to this Exponential Equation practice problem is provided in the video below!
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