This task gives students an opportunity to work with exponential functions in …
This task gives students an opportunity to work with exponential functions in a real world context involving continuously compounded interest. They will study how the base of the exponential function impacts its growth rate and use logarithms to solve exponential equations.
This task develops reasoning behind the general formula for balances under continuously …
This task develops reasoning behind the general formula for balances under continuously compounded interest. While this task itself specifically addresses the standard (F-BF), building functions from a context, a auxiliary purpose is to introduce and motivate the number e, which plays a significant role in the (F-LE) domain of tasks.
Students will define compound interest, distinguish it from simple interest, calculate compound …
Students will define compound interest, distinguish it from simple interest, calculate compound interest using a compound interest rate calculator, and apply the concept to real-life scenarios.
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