Saad invests S8000 with the bank The interesest rate is 7,5% per annum compounded annually. The bank said Ravindu would receive back $11 485.03 Which of the following is a step in the calculation to find the number of years the investment was for? Note the formula:

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Saad invests S8000 with the bank
The interesest rate is 7,5% per annum compounded annually.
The bank said Ravindu would receive back $11485.03
Which of the following is a step in the calculation to find the number of years the investment was for?
Note the formula. V, = V (1 + 100)
Select one:
log1.075
log1.348503
O A
log0.6966
log1.075
O B.
log1075
%3D
log14356
O D
logt. 348503
%23
logi 075
log1.4356
log1.075
Transcribed Image Text:Saad invests S8000 with the bank The interesest rate is 7,5% per annum compounded annually. The bank said Ravindu would receive back $11485.03 Which of the following is a step in the calculation to find the number of years the investment was for? Note the formula. V, = V (1 + 100) Select one: log1.075 log1.348503 O A log0.6966 log1.075 O B. log1075 %3D log14356 O D logt. 348503 %23 logi 075 log1.4356 log1.075
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