Compound Interest Formula

Compound Interest: Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

 

P = principal amount (the initial amount you borrow or deposit)

r  = annual rate of interest (as a decimal)

t  = number of years the amount is deposited or borrowed for.

n  =  number of times the interest is compounded per year 

Statistics

Statistics Data

Graphing Exponential Growth/Decay

• Graphing Exponential Growth/Decay

1. Create the Parent Graph.

2. Identify A,H,K.

3. Create your new T-Chart.

• Domain: All real #'s.
• Range: y>k; when a is positive. y<k; when a is negative.
• Asymptote: y=k.

4. Draw Asymptote.

5. Graph new points.

• Exponential Formula:  y=a×b^x-h+k
• a = multiplier.

a>1 = stretch
0<a<1 = compression
a< 0(negative) = flipped over x-axis.

• b = base

b>1 = whole #, growth, always increasing.

0<b<1 = fraction; decay, always decreasing.

B is never negative only the multiplier is.

• h = lf/rt; opposite
• k = up/dn

General Forms of a Sequence

GENERAL FORMS OF A SEQUENCE

Sequence- Is an ordered list of terms or elements.

Arithmetic  sequence formula- In an Arithmetic Sequence the difference between one term and the next is a constant. Also called the Common Difference. 

Geometric sequence formula-  In a Geometric Sequence each term is found by multiplying the previous term by a constant. Also called the Common Ratio.

Example:

2, 4, 8, 16, 32, 64, 128, 256, ...

This sequence has a factor of 2 between each number. Each term (except the first term) is found by multiplying the previous term by 2.

Finite sequence- Is a function with domain 1,2,3.

Infinite sequence- Is a function with domain 1,2,3,4.... etc.

Series- Is the sum of a sequence.

Explicit formula-  Each domain is an answer not based on any values.

Recursive Formula-  Each domain is a answer based on a previous answer.