document.write( "Question 5842: Word Problem: \r
\n" ); document.write( "\n" ); document.write( "An initial deposite of $4000 is made in a savings account for which the interest is compounded continuously. The balance will triple in 15 years. What is the annual rate of interest for this account? \r
\n" ); document.write( "\n" ); document.write( "I took the A=Pe to the rt formula.
\n" ); document.write( "12000=4000e to the 15r
\n" ); document.write( "divided 4000 to each side\r
\n" ); document.write( "\n" ); document.write( "3=e to the 15 r
\n" ); document.write( "then I found the natural log of both sides
\n" ); document.write( "ln3=ln15 to the r
\n" ); document.write( "I divided by ln15
\n" ); document.write( "ln3/1n15=r \r
\n" ); document.write( "\n" ); document.write( "Is this right?
\n" ); document.write( "

Algebra.Com's Answer #3052 by Abbey(339)\"\" \"About 
You can put this solution on YOUR website!
You made a mistake when you took the ln of both sides:\r
\n" ); document.write( "\n" ); document.write( "It should have read:
\n" ); document.write( "\"ln3=lne%5E%2815r%29\"
\n" ); document.write( "\"ln3=15r%2Alne\"
\n" ); document.write( "and because the lne = 1:
\n" ); document.write( "\"ln3=15r%2A%281%29\"
\n" ); document.write( "\"ln3%2F15=r\"\r
\n" ); document.write( "\n" ); document.write( "
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