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Math Help - Hi! I need help to solve compound intrest using loghttp://mathhelpforum.com/images/sm

  1. #1
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    meerut
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    Hi! I need help to solve compound intrest using loghttp://mathhelpforum.com/images/sm

    hi there could anybody solve this compound interest question with the help of log for me for me ? p=100 t=30 years A=100000 R=? given log 2= 0.3010 and log 1259=3.1 Please show me full solution http://mathhelpforum.com/images/smil...106-crying.gif
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  2. #2
    Member anonimnystefy's Avatar
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    Re: Hi! I need help to solve compound intrest using loghttp://mathhelpforum.com/image

    Hi

    The formula for compound interest (when computed continuously over each year) is:

    A=P*e^{Rt}

    R=\frac{1}{t}\log{\frac{A}{P}}=\frac{1}{30}\cdot \log{1000}=\frac{\log{10}}{10}\approx 0.23026

    Is this what you needed?
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