6. Exponential & Logarithmic Functions
Solving Exponential and Logarithmic Equations
Problem 102
Textbook Question
Textbook QuestionTo solve each problem, refer to the formulas for compound interest. A = P (1 + r/n)^(tn) and A = Pe^(rt) Find t, to the nearest hundredth of a year, if $1786 becomes $2063 at 2.6%, with interest compounded monthly.
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