Table of contents
- 0. Review of Algebra4h 16m
- 1. Equations & Inequalities3h 18m
- 2. Graphs of Equations1h 31m
- 3. Functions2h 17m
- 4. Polynomial Functions1h 44m
- 5. Rational Functions1h 23m
- 6. Exponential & Logarithmic Functions2h 28m
- 7. Systems of Equations & Matrices4h 6m
- 8. Conic Sections2h 23m
- 9. Sequences, Series, & Induction1h 19m
- 10. Combinatorics & Probability1h 45m
6. Exponential & Logarithmic Functions
Introduction to Exponential Functions
3:49 minutes
Problem 55a
Textbook Question
Textbook QuestionUse the compound interest formulas A = P (1+ r/n)^nt and A =Pe^rt to solve exercises 53-56. Round answers to the nearest cent. Suppose that you have $12,000 to invest. Which investment yields the greater return over 3 years: 0.96% compounded monthly or 0.95% compounded continuously?
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