Interest Formula. Suppose you work at a bank and the manager provides a new type of formula to calculate interest when merging two loans together. Suppose there are two loans with one interest rate at 4% and a second loan at 5%. The manager writes the first part of the formula for the new interest rate as e(4In(5) + 5ln(4)) Which of the following is equivalent to the manager's expression?
Interest Formula. Suppose you work at a bank and the manager provides a new type of formula to calculate interest when merging two loans together. Suppose there are two loans with one interest rate at 4% and a second loan at 5%. The manager writes the first part of the formula for the new interest rate as e(4In(5) + 5ln(4)) Which of the following is equivalent to the manager's expression?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter6: The Trigonometric Functions
Section6.7: Applied Problems
Problem 68E
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