It's your turn on the Euler number
Do your best in trying to solve the following problems. In any case some of them are solved in the video and all of them are solved in the pdf file below.
Exercise 1.
If 10 000 euros is invested at an interest rate of 3% per year, compounded semiannually (1.5% per semester). Find the value of the investment after 15 years.
Exercise 2.
Which of the given interests rates and compounding periods would provide the better investment after 1 year?
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(5.05%) per year, compounded semiannually.
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(5%) per year, compounded continuously (so that the capital is multiplied by (e^{5/100}) at the end of each year).
Advanced Precalculus: Geometry, Trigonometry and Exponentials
Advanced Precalculus: Geometry, Trigonometry and Exponentials
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