3 Models of Logarithmic Function
3 Models of Logarithmic Function
Logarithmic
Function
Example 1:
Suppose Jade, mom of Kate and Lauren who are one-year old twins,
decided to invest their trust fund of Php 100,000 in an investment
package that offers an interest of 4.75% compounded monthly. How
long will Jade invest the money to have Php 235,000 in the fund?
(Express your answer to the nearest whole number of years.)
Given: Plug in the given values in the formula/function.
Evaluate .
Given:
--Multiply both sides by 1.5.
ergs --Evaluate .
Evaluate .
Unknown:
s
Solution: