Explain the relationship between simple interest and linear growth. Explain the relationship between compound interest and exponential growth and the relationship between continuously compounded interest and exponential growth.
Clarification 1: Within the Algebra 1 course, exponential growth is limited to compound interest.
Subject Area: Mathematics (B.E.S.T.)
Strand: Financial Literacy
Date Adopted or Revised: 08/20
Status: State Board Approved