17 Sep

Solving Compound Interest Problems PLEASE READ DESCRIPTION:)

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I go over examples involving compound growth and continuous compound growth. Some examples require the use of logarithms to solve for an unknown time period. I apologize that this video has some inconsistent rounding errors.
The answer to the first equation without round off error is $40387.39

Here are my other PreCalculus lessons involving Logarithms

Check out http://www.ProfRobBob.com, there you will find my lessons organized by class/subject and then by topics within each class. Find free review test, useful notes and more at http://www.mathplane.com

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Rating: 4.81, Duration: 14:19 , Author: ProfRobBob, Likes: 1021, Dislikes: 41, source

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