1 2500 is invested in an account at interest rate r compound
1). $2500 is invested in an account at interest rate r, compounded continuously. Find the time required for the amount to double. (Approximate the result to two decimal places.) r = 0.0570 (2).
Condense the expression to a logarithm of a single quantity.
logx - 2logy + 3logz (3).
Use the properties of logarithms to simplify the expression.
log20 209 (4).
Use the One-to-One property to solve the equation for x.
log2(x+4) = log2 20
Solution
1)
If Compounded Continuously Interest: is calculated by the formula then we use another formula:
A(t) = P e^rt
P = 2500 ; r = 0.0570
Time for the amt to double:
2*2500 = 2500e^(0.0570t)
2 =e^(0.0570t)
Taking natural log on both sides:
ln2 = 0.0570t
t = 12.16 years
2) logx - 2logy + 3logz
Use the log property : logA +logB -logC = log(A*B/C) and a*logx = log(a^x)
So,logx - 2logy + 3logz = logx -log(y^2) +log(z^3)
= log ( x*y^2z^3
3) log2(x+4) = log2 20
we can equate the arguments on both side pf log as base is same:
(x+4) = 20
x = 16

