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Mr.DontLikeMath
06-16-2009, 12:25 PM
Im Having Problems With Compounding Interest problems!
They Are Asking Me To Find What Value That I Will Use For B In This {y=a*b to the x Power}
And 4% Is The Annual interest

Subhotosh Khan
06-16-2009, 12:32 PM
Im Having Problems With Compounding Interest problems!
They Are Asking Me To Find What Value That I Will Use For B In This {y=a*b to the x Power}
And 4% Is The Annual interest

To get proper help - post the EXACT problem as it was presented to you - along with your work.

Mr.DontLikeMath
06-16-2009, 12:36 PM
i dont acually kno what to do!!
its askin me to do this problem ns i dont kno wat to do!
heres the problem!
"the Percent is 4% it is an annual interest rate. In The formula y=a*b to the x power!"
What do i do????

Subhotosh Khan
06-16-2009, 12:39 PM
i dont acually kno what to do!!
its askin me to do this problem ns i dont kno wat to do!
heres the problem!

"the Percent is 4% it is an annual interest rate. In The formula y=a*b to the x power!" <<< There is no question here - so nothing to do!

What do i do????

Mr.DontLikeMath
06-16-2009, 12:46 PM
[quote="Mr.DontLikeMath":1wfnvufx]i dont acually kno what to do!!
its askin me to do this problem ns i dont kno wat to do!
heres the problem!

"the Percent is 4% it is an annual interest rate. In The formula y=a*b to the x power!" <<< There is no question here - so nothing to do!

What do i do????[/quote:1wfnvufx]

Im Sorry
They Are Askin me "What Value will You Use For B?

Mr.DontLikeMath
06-16-2009, 12:47 PM
The Question is "What Value Would You Use For B?"

Subhotosh Khan
06-16-2009, 12:51 PM
Post the exact question - completely.

Your textbook should have example problems like this.

What is the chapter heading for these problems?

Mr.DontLikeMath
06-16-2009, 12:59 PM
I Get The Examples But The Are Totally different From This Problem!
The Chapter Heading Is Exponential Growth And Decay!

Subhotosh Khan
06-16-2009, 01:36 PM
I Get The Examples But The Are Totally different From This Problem!
The Chapter Heading Is Exponential Growth And Decay!

In the example problems for this chapter,

What is the equation that is used (mostly)?

What does each term mean in that equation?

Also do you know - what does compounding interest mean?

Denis
06-16-2009, 03:14 PM
Im Having Problems With Compounding Interest problems!
They Are Asking Me To Find What Value That I Will Use For B In This {y=a*b to the x Power}
And 4% Is The Annual interest

use ^ to represent "power" : y = a*b^x

f(uture) = p(resent) * [1 + i(nterest rate)]^n(umber of periods)
f = p(1 + i)^n