Compound interest algebra problems
[DOC File]Simple and Compound Interest Worksheet
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In problems 4-6, compare the amount of money you have if the investment is compounded annually versus daily. Write out and calculate 2 equations per problem. $1,000 at 8% for 5 years. $2,000 at 12% for 3 years. $5,000 at 7% for 20 years. Answer the questions in problems 7-9. What is the future amount of $12,000 invested for 5 years at 4% ...
[DOC File]Algebra 1 - Unit 1 Functions
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ALGEBRA 1 UNIT 3 MAP – Exponential Functions – 4 Weeks ... exponential functions are used to solve problems related to population change, interest on investments, half-lives of drugs, spread of and cleanup of pollution, and radioactive decay. ... Compound interest is a topic that provides an inherent answer to this question. In this ...
[DOC File]Simple and Compound Interest Worksheet
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You just use the compound interest formula. A = P(1 + r/m)mt A= P(1 + r)t. Note: This is the actually formula due to n being equal to 1. A= 30,000(1.06)10. A=$53,725.43 WOW!!! What a difference!!! In problems 16-20, calculate the expected price in the year 2008 if you assume that there was a consistent 5% inflation rate and use the given 1988 ...
[DOC File]Algebra 1 Part 2 – Review of Exponents
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Compound Interest. Compound Interest formula: y = a ( (1 + r )t. where a = the initial amount, r = the interest rate in decimal form, and t = time in years. Later we will look at investments where time is compounded more than once a year. Practice. Write the formulas for the following compound interest problems.
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