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

Square roots, The formula v=(the square root of)64h gives the velocity v in...

The formula v=(the square root of)64h gives the velocity v in feet per second of an object that has fallen h feet. Find the velocity of an object that has fallen 76 feet. Round to

(-4, What would an equation of this line passing through each pair of poin...

What would an equation of this line passing through each pair of points given?

Absolute value bars, Solve following. 2x - 3 = 7 Solution Again,...

Solve following. 2x - 3 = 7 Solution Again, p represents the quantity within the absolute value bars thus all we have to do here is plug into the formula & then solve th

Pricing problems, Pricing Problems Below give problem deal with some ba...

Pricing Problems Below give problem deal with some basic principles of pricing. Example A particular calculator has been marked up as 15% & is being sold for $78.50. How m

Ms. Pat, what is the simplified form of 5 square 32 - 4 square 18

what is the simplified form of 5 square 32 - 4 square 18

Financial project, five years ago,you bought a house for $151,000, with a d...

five years ago,you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like t

Eoc review, three consecutive odd integers such that the s f the first and ...

three consecutive odd integers such that the s f the first and second is 31 less than 3 times the third. find the inters.

Proportions, A kilometer is about 5/8 mile.About how many miles are in 4 2/...

A kilometer is about 5/8 mile.About how many miles are in 4 2/5 kilometers? How would I set a proportion?

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