document.write( "Question 5842: Word Problem: \r
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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
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document.write( "I took the A=Pe to the rt formula.
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document.write( "12000=4000e to the 15r
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document.write( "divided 4000 to each side\r
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document.write( "3=e to the 15 r
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document.write( "then I found the natural log of both sides
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document.write( "ln3=ln15 to the r
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document.write( "I divided by ln15
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document.write( "ln3/1n15=r \r
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document.write( "Is this right? \n" );
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Algebra.Com's Answer #3052 by Abbey(339)![]() ![]() ![]() 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( " \n" ); document.write( " \n" ); document.write( "and because the lne = 1: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |