Applications of logarithmic equation, Algebra

In this last section of this chapter we have to look at some applications of exponential & logarithm functions.

Compound Interest

This first application is compounding interest & there are in fact two separate formulas which we'll be looking at here. Let's get first those out of the way.

If we were to put P dollars in an account which earns interest at a rate of r (written as a decimal) for t years (yes, it have to be years) then,

1. if interest is compounded m times per year we will have t m

                                  A = P (1 + (r  /m)tm

         dollars after t years.

2. if interest is compounded continuously then we will have

                                         A = Pert

             dollars after t years.

Posted Date: 4/8/2013 3:38:36 AM | Location : United States

Related Discussions:- Applications of logarithmic equation, Assignment Help, Ask Question on Applications of logarithmic equation, Get Answer, Expert's Help, Applications of logarithmic equation Discussions

Write discussion on Applications of logarithmic equation
Your posts are moderated
Related Questions
Solve the following simultaneous equations by using Cramer's rule                      3x+2y=13                      2x-y=4

how do i find what x is 8/6= x/6 ??

For these properties we will suppose that x > 0 and y > 0 log b ( xy ) = log b x + log b   y log b (    x/y) = log b   x - log b   y log b (x r ) = r log  x If log

Methods of elimination Example 1 Solve out the given system of equations. x - 2 y + 3z = 7 2 x + y + z = 4 -3x + 2 y - 2 z = -10 Solution We will try and find

you have just been hired as manager of pi pizza, a small business that makes frozen pizzas for sale. Pi makes 12 inch pizzas for a profit of $2 a box and 16 inch pizzas for a profi