Compounding interest

Mr.DontLikeMath

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Joined
Jun 16, 2009
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5
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
 
Mr.DontLikeMath said:
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.

Please show us your work, indicatibg exactly where you are stuck - so that we know where to begin to help you.
 
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????
 
Mr.DontLikeMath said:
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????
 
Subhotosh Khan said:
[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?
 
Post the exact question - completely.

Your textbook should have example problems like this.

What is the chapter heading for these problems?
 
I Get The Examples But The Are Totally different From This Problem!
The Chapter Heading Is Exponential Growth And Decay!
 
Mr.DontLikeMath said:
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?
 
Mr.DontLikeMath said:
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
Relate that to your equation.
If you're still stuck, you need classroom help.
 
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