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Mathematics 18 Online
OpenStudy (anonymous):

Word problem:

OpenStudy (anonymous):

ganeshie8 (ganeshie8):

use the compound interest formula

ganeshie8 (ganeshie8):

\(\large A = P(1+\frac{r}{n})^{n\times t}\)

ganeshie8 (ganeshie8):

P : Initial investment (11,700) r : interest rate (3.9% = .039) n : compounding intercal ( quarterly = 4) t : number of years (18)

ganeshie8 (ganeshie8):

plugin

OpenStudy (anonymous):

i got a fraction :/

ganeshie8 (ganeshie8):

how much did u get

OpenStudy (anonymous):

2925*43^18/2^34 :/

ganeshie8 (ganeshie8):

you need to use calculator

OpenStudy (anonymous):

ok

ganeshie8 (ganeshie8):

wolfram says 23,529 http://www.wolframalpha.com/input/?i=11700%281%2B.039%2F4%29%5E%2818*4%29

ganeshie8 (ganeshie8):

*23,528

OpenStudy (anonymous):

yep just got tht too

ganeshie8 (ganeshie8):

^good

OpenStudy (anonymous):

would log down 5 (125 be 2.096

ganeshie8 (ganeshie8):

\(\log_5 125\)

ganeshie8 (ganeshie8):

like that ?

OpenStudy (anonymous):

yes

ganeshie8 (ganeshie8):

nope

ganeshie8 (ganeshie8):

\(\log_5 125\) \(\log_5 5^3\) \(3 \log_5 5\) \(3\)

OpenStudy (anonymous):

ok 3

ganeshie8 (ganeshie8):

yes

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