Solve the problems using logarithmic models. 13. Finance A stock priced at $40 increases at a rate of 8% per year. Write and evaluate a logarithmic expression for the number of years that it will take for the value of the stock to reach $50.
Solve the problems using logarithmic models. 13. Finance A stock priced at $40 increases at a rate of 8% per year. Write and evaluate a logarithmic expression for the number of years that it will take for the value of the stock to reach $50.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.2: Applications Of Exponential Functions
Problem 34E
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