continuous compounding
Not what you're looking for?
showing your work
1. Convert the following equations into logarithmic form:
a. 6 = 2x
b. 9 = 6y
c. 7 = 3y
d. X = 5y
2. Convert the following equations into exponential form:
a. X = log38
b. -9 = log5Y
c. X= log6Y
d. 100 = log2Z
3. Simplify the following expressions:
a. X4 * X5
b. Z9/Z10
c. log3Y + log3Z
d. log5Y - log5Z
4. You have $760,000 in your bank account. The interest rate in your account is 5%. Solve for the following:
a. How much interest will you accumulate if interest is compounded annually over the next five years?
b. How much interest will you earn in your account over the next five years with continuous compounding? You can use a scientific calculator or the =Exp() function in Microsoft Excel. If you are crafty you can also find web pages that will do the calculations for you. Regardless, show your steps and your work.
Purchase this Solution
Solution Summary
Apply continuous compounding.
Purchase this Solution
Free BrainMass Quizzes
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts
Probability Quiz
Some questions on probability