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

Differential Equations.., Differential Equations, Mathematics 1....

Differential Equations, Mathematics 1.Verify Liouville''''s formula for y "-y" - y'''' + y = 0 in (0, 1)

Present value of annuity, The Fritzes are buying a house that sells for $18...

The Fritzes are buying a house that sells for $185,000. The bank is requiring a minimum down payment of 15% for a 30-year mortgage at 5.2% interest. Find (a) the amount of the down

Finding zeroes of a polynomial, Finding Zeroes of a polynomial The belo...

Finding Zeroes of a polynomial The below given fact will also be useful on occasion in determining the zeroes of a polynomial. Fact If P (x) is a polynomial & we know t

Prealgebra, a stack of disks is 0.5cm thick.how many disk each at 0.125cm t...

a stack of disks is 0.5cm thick.how many disk each at 0.125cm thick are in a stack?

Compound math, Ask question #15/16 to the percentage

Ask question #15/16 to the percentage

Solving Absolute Value Equations, When is a problem an empty set and when d...

When is a problem an empty set and when do you have to solve for two problems when doing an equation?

Polynomials, please help me understand polynomials- i get the small problem...

please help me understand polynomials- i get the small problems but i dont understand larger ones

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