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OpenStudy (sabrina1):
Suppose you have $5000 to invest. Calculate the annual interest rate r (in %) compounded continuously such that the invested money will triple in 20 years.
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OpenStudy (sabrina1):
yes....
OpenStudy (sabrina1):
lolllll
OpenStudy (anonymous):
5000(r)^20
OpenStudy (anonymous):
sorry, 15000 = 5000(r)^20
OpenStudy (anonymous):
3 = r^20 log 3 = 20 log r r = 10^(log3 /20)
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OpenStudy (sabrina1):
ok and how would i isolate for r?
OpenStudy (anonymous):
Do you know logs?
OpenStudy (mertsj):
|dw:1323660955615:dw|
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