NG_AL2_M_3_Day2_MathCast_PD Screen # Using Exponential Equations to Solve Word Problems Onscreen Elements Bumper images with MathCAST title: Using Exponential Equations to Solve Word Problems Programming/Animation Notes N/A Tailored bumper swf Video file name: I can use what I’ve learned about exponents and logarithms to solve a real world problem. I have some money that I’m investing in an account. I want to know how long I have to leave it in the account before I will earn $1500. 1 Whiteboard 2a Audio Narration Suppose $1200 was invested into an account that pays 3.24% interest compounded annually. In how many years will the balance reach $1500? Storyboards v.1.2 Fade up from black. Wide shot of the front of Jai Young sitting at a table. Window view of a city behind her. Zoom in to tight shot as she begins to think out loud. N/A Transition to whiteboard I am going to solve this problem. <pause> Suppose one thousand two hundred dollars was invested into an account that pays three point two four percent interest compounded annually. In how many years will the balance reach one thousand five hundred dollars? Add question to whiteboard in sync with narration. to PROD Sound Effects 1 of 7 NG_AL2_M_3_Day2_MathCast_PD Screen # 2b Using Exponential Equations to Solve Word Problems Onscreen Elements Audio Narration Suppose $1200 was invested into an account that pays 3.24% interest compounded annually. In how many years will the balance reach $1500? 𝑟 𝑛𝑡 𝐴 = 𝑃 (1 + ) 𝑛 A = amount accumulated P = principal amount r = annual interest rate n = number of times per year interest is compounded t = the number of year the amount is deposited 2c Suppose $1200 was invested into an account that pays 3.24% interest compounded annually. In how many years will the balance reach $1500? r A P 1 n nt I will substitute the values I know into the formula. A equals one thousand five hundred. P equals one thousand two hundred Trate equals 0.0324 changed the percent to a decimal. Sound Effects Add equation in sync with narration. Add what each variable represents. Continue to add to the given equation in sync with narration. N equals one since it is compounded annually I will be solving for t. a = 1500 P = 1200 r = 0.0324 n=1 1t 0.0324 1500 1200 1 1 Storyboards v.1.2 I can use the compound interest formula. Remember compound interest is your interest earning interest. <pause> 𝐴 equals 𝑃 times the quantity 1 plus 𝑟 divided by 𝑛 raised to the 𝑛 times 𝑡 power. Remember that A is the amount accumulated. P is the principal amount (the initial amount you borrow or deposit) r is the annual rate of interest (as a decimal) n is the number of times the interest is compounded per year t is the number of years the amount is deposited Programming/Animation Notes So now I have <pause> One thousand five hundred is equal to one thousand two hundred times the quantity one plus zero point zero, three, two, four divided by 1 raised to the 1 times 𝑡 power. to PROD 2 of 7 NG_AL2_M_3_Day2_MathCast_PD Screen # 2d Using Exponential Equations to Solve Word Problems Onscreen Elements Suppose $1200 was invested into an account that pays 3.24% interest compounded annually. In how many years will the balance reach $1500? r A P 1 n 1t Suppose $1200 was invested into an account that pays 3.24% interest compounded annually. In how many years will the balance reach $1500? r A P 1 n nt 1t 0.0324 1500 1200 1 1 1500 1200(1 0.0324) t Programming/Animation Notes I can simplify the equation. <pause> In parentheses the zero point zero three two four over one is just the decimal itself. Continue to add to the given equation in sync with narration. Sound Effects So now I have One thousand five hundred is equal to one thousand two hundred times the quantity 1 plus zero point zero, three, two, four raised to the 𝑡 power. nt 0.0324 1500 1200 1 1 1500 1200(1 0.0324)t 2e Audio Narration I can drop the parentheses by adding the one and the decimal. I can also divide both sides by one thousand two hundred and I have one point two five is equal to one point zero, three, two, four raised to the 𝑡 power. This is an exponential equation.Since it is not easy to find the values of t I will use logarithms to solve. Continue to add to the given equation in sync with narration. 1.25 1.0324t Storyboards v.1.2 to PROD 3 of 7 NG_AL2_M_3_Day2_MathCast_PD Screen # 2f Using Exponential Equations to Solve Word Problems Onscreen Elements Suppose $1200 was invested into an account that pays 3.24% interest compounded annually. In how many years will the balance reach $1500? r A P 1 n Audio Narration Programming/Animation Notes I will take the logarithm of both sides. <pause> The log of one point two, five is equal to the log of the quantity one point zero, three, two, four raised to the 𝑡 power. Continue to add to the given equation in sync with narration. Using the properties of exponents and logs, I can write this as a multiplication equation. <pause> The log of one point two five is equal to 𝑡 times the log of one point zero, three, two, four. Continue to add to the given equation in sync with narration. Sound Effects nt 1t 0.0324 1500 1200 1 1 1500 1200(1 0.0324) t 1.25 1.0324t log1.25 log(1.0324t ) 2g Suppose $1200 was invested into an account that pays 3.24% interest compounded annually. In how many years will the balance reach $1500? r A P 1 n nt 1t 0.0324 1500 1200 1 1 1500 1200(1 0.0324)t 1.25 1.0324t log1.25 log(1.0324t ) log1.25 t log(1.0324) Storyboards v.1.2 to PROD 4 of 7 NG_AL2_M_3_Day2_MathCast_PD Screen # 2h Using Exponential Equations to Solve Word Problems Onscreen Elements Suppose $1200 was invested into an account that pays 3.24% interest compounded annually. In how many years will the balance reach $1500? r A P 1 n nt Audio Narration Programming/Animation Notes I’ll divide both sides of the equation by the log of one point zero, three, two, four <pause> The log of one point two five divided by the log of one point zero, three, two, four is equal to 𝑡. Continue to add to the given equation in sync with narration. Sound Effects Animation: You can scroll off one line of the problem at a time, starting at the top, as though we are scrolling down to reveal additional lines of the equation. After the log 1.25 = log (1.0324t) 1t 0.0324 1500 1200 1 1 1500 1200(1 0.0324)t At some point, this becomes way too much text to leave onscreen. Consider removing top lines of the worked equation up to 1.25 = 1.0324^t once the equation is written in logarithmic form. You can scroll off one line of the problem at a time, starting at the top, as though we are scrolling down to reveal additional lines of the equation.] [TECH: 1.25 1.0324t log1.25 log(1.0324t ) log1.25 t log(1.0324) log1.25 t log1.0324 Storyboards v.1.2 to PROD 5 of 7 NG_AL2_M_3_Day2_MathCast_PD Screen # 2i Using Exponential Equations to Solve Word Problems Onscreen Elements Suppose $1200 was invested into an account that pays 3.24% interest compounded annually. In how many years will the balance reach $1500? r A P 1 n nt Audio Narration Programming/Animation Notes Using my calculator to divide t is about seven . Continue to add to the given equation in sync with narration. It will take About 7 years for the balance to reach one thousand five hundred dollars. Sound Effects If possible show the graphing calculator screen with calculation. 1t 0.0324 1500 1200 1 1 1500 1200(1 0.0324)t 1.25 1.0324t log1.25 log(1.0324t ) log1.25 t log(1.0324) log1.25 t log1.0324 It will take about 7 years for the balance to reach $1500. Storyboards v.1.2 to PROD 6 of 7 NG_AL2_M_3_Day2_MathCast_PD Screen # Onscreen Elements Using Exponential Equations to Solve Word Problems Audio Narration Programming/Animation Notes Sound Effects 3a I can use what I know about exponents and logarithms to find how long it will take me to reach a financial goal. Transition back to Jai Young sitting at the dining room table with pad of grid paper on table and pencil in hand. Fade out graphic box and return to smiling Jai Young at the table – close up shot of face. Fade to black. Storyboards v.1.2 to PROD 7 of 7
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