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OpenStudy (anonymous):
find N :: 1.6 = (1.09)^N
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hartnn (hartnn):
can u use logarithms ?
OpenStudy (anonymous):
this is where I got stuck in the problem. I dont think she wants us to though. shouw me anyways if it's the only way you know
hartnn (hartnn):
taking log on both sides, log 1.6 = N log 1.09 N= (log 1.6/log 1.09)= 5.454
hartnn (hartnn):
which topic does this question belong?
OpenStudy (anonymous):
theories of interest
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OpenStudy (anonymous):
...might as well be called theories behind accounting
hartnn (hartnn):
hmm.... i could think of only log method to solve this......
OpenStudy (anonymous):
funny thing is, I think all math departments are trying to get rid of log and keep it all natural log... don't know for sure though
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