Applications of logarithmic equation, Algebra

Assignment Help:

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.


Related Discussions:- Applications of logarithmic equation

Volume an mass, a mixture of 45g of salt and 29g of banking soda is poured ...

a mixture of 45g of salt and 29g of banking soda is poured in 370ml of water. What is the total of mass of the mixture in grams?

I dont get it , where and how does the letter a and b where and how do u us...

where and how does the letter a and b where and how do u use them

Problem, A tank is filling with water from a natural spring. Two days ago t...

A tank is filling with water from a natural spring. Two days ago the water was 10 feet deep, and yesterday the water was 12 feet deep. Assume that the water depth continues to rise

Polynomilas, i dont get them i need help

i dont get them i need help

Dependent system example, Dependent system example Example: Solve the...

Dependent system example Example: Solve the given system of equations. 2x + 5 y = -1 -10x - 25 y = 5 Solution In this instance it looks like elimination would b

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd