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

Percents, How do I figure out what is 20% of 100?

How do I figure out what is 20% of 100?

Expanding brackets.., how to expand when asked to divide, multiply etc

how to expand when asked to divide, multiply etc

Math104, financial Project. Five years ago , you bought a house for $171,00...

financial Project. Five years ago , you bought a house for $171,000, with a down payment of $30,000, which meant you took out a loan for $141,000.Your interest rate was 5.75% fixed

Inverse function, Write the inverse function of: f(x)=4x-1

Write the inverse function of: f(x)=4x-1

X=-2, three ordered pair

three ordered pair

Alg 2.., Cassie has six bracelets. In how many different ways can she wear ...

Cassie has six bracelets. In how many different ways can she wear three bracelets at the same time..

Slope and y-intercept, One of my homework questions ask to find the slope a...

One of my homework questions ask to find the slope and y-intercept of a table and I''ve tried quite a few methods and just can''t figure it out. PLEASE HELP!!

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