60 likes | 198 Views
Intro to e. Euler’s Number. Welcome to Melton Bank!. Melton Bank lets you have 100% interest as long as you start with $1 in your account it can be compounded… Once (calculate the total after one year) Twice Quarterly Monthly Daily Every second of every day .
E N D
Intro to e Euler’s Number
Welcome to Melton Bank! • Melton Bank lets you have 100% interest as long as you start with $1 in your account it can be compounded… • Once (calculate the total after one year) • Twice • Quarterly • Monthly • Daily • Every second of every day
Euler’s Number or e = 2.71828….. • Graph of as x infinity the function approaches e or 2.71828….
e Provides a Formula for continuously compounding interest Do #8 pg. 141