5-4
Almost forgot about this! This week in Advanced Math we learned about exponents and formulas involving percent, rate, and time. Section 5-4 involved one formula – P(t)=Pe^r*t
P – starting amount
e – on calculator (e is approximately 2.7)
r – rate as a decimal
t – time

EXAMPLE 1: Suppose $2,000 is invested at 5% interest compounded continuously. How much money do you have after 3 years?
A). Using the formula, plug in the information given.
P=2,000(starting amount)e^(0.5*3)
B). By plugging all of that into your calculator, you get $8963.38 as your final answer.

EXAMPLE 2: Which has a larger value? e^square root of 3 or 3^e
A). The answer to this problem can be achieved by plugging the two into your calculator.
B). e^square root of 3 = 5.65 and 3^e = 19.81
C). Therefore, the first one has a larger value.

This is a little short but my computer is installing new updates and it’s counting down to shutdown!