Use the formula 2 = = (1 + nt 100n to find the doubling time t, in years, for an investment at r% compounded n times per year. Write this exponential statement in logarithmic form for an investment at 7% compounded quarterly. t = Use a change-of-base formula to find the doubling time (in years) for this investment. (Round your answer to two decimal places.) t = yr
Use the formula 2 = = (1 + nt 100n to find the doubling time t, in years, for an investment at r% compounded n times per year. Write this exponential statement in logarithmic form for an investment at 7% compounded quarterly. t = Use a change-of-base formula to find the doubling time (in years) for this investment. (Round your answer to two decimal places.) t = yr
Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.31TI: Angela invested $15,000 in a savings account. If the interest rate is 4%, how much will be in the...
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