If $2000 is invested at a rate of 12 percent per year, what is the principle after 5 years if the interest is compound quarterly? What is the principle afetr 5 years if the interest is compound quarterly?

Thanks to anyone who can solve.

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- Apr 29th 2008, 11:48 AMav8or91Logarithms help
If $2000 is invested at a rate of 12 percent per year, what is the principle after 5 years if the interest is compound quarterly? What is the principle afetr 5 years if the interest is compound quarterly?

Thanks to anyone who can solve. - Apr 29th 2008, 11:57 AMjames_bond
Is it ? (There are "compounds" with .)

I'm not sure as there are no logarithms in it... - Apr 29th 2008, 01:40 PMav8or91
Doesnt the compund interest formula contain logarithms?

- Apr 29th 2008, 01:43 PMicemanfan
- Apr 30th 2008, 12:27 PMav8or91
Alright thanks for the reply.

I have one logarithm problem I cant figure out

Log2x^3= Log2(6-x) - Apr 30th 2008, 01:01 PMtopsquark