Compounding with a 100% Interest Rate

This task provides an approximation, and definition, of e, in the context of more and more frequent compounding of interest in a bank account. The approach is computational.
Resource ID#: 42405 Type: Problem-Solving Task
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General Information

Subject(s): Mathematics
Grade Level(s): 9, 10, 11, 12
Intended Audience: Educators educators, Students , Parents
Keywords: Compounding with a 100% interest rate, compounding, interest rate, computation, cpalms, icpalms, illustrativemathematics.org, illustrative mathematics, tasks, mathematics, math, Florida standards, resource, free, freely available, problems-based learning, student activities
Instructional Component Type(s): Problem-Solving Task
Resource Collection: Illustrative Mathematics

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