A college student borrows $1,000 for 9 months to pay for a semester of school. if the interest is $61.88, find the monthly payme
1 answer:
In the question , it is given that , a college student borrows $1,000 for 9 months to pay for a semester of school.
And the interest is $61.88 .
Let the monthly payment be $x . So in 9 months, the student paid $9x .
And interest is the difference of 9x and the money borrowed, that is
Adding 1000 to both sides
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Exponential functions are related to logarithmic functions in that they are inverse functions. Exponential functions move quickly up towards a [y] infinity, bounded by a vertical asymptote (aka limit), whereas logarithmic functions start quick but then taper out towards an [x] infinity, bounded by a horizontal asymptote (aka limit).
If we use the natural logarithm (ln) as an example, the constant "e" is the base of ln, such that:
ln(x) = y, which is really stating that the base (assumed "e" even though not shown), that:
if we try to solve for y in this form it's nearly impossible, that's why we stick with ln(x) = y
but to find the inverse of the form:
switch the x and y, then solve for y:
So the exponential function is the inverse of the logarithmic one, f(x) = ln x
If we use the natural logarithm (ln) as an example, the constant "e" is the base of ln, such that:
ln(x) = y, which is really stating that the base (assumed "e" even though not shown), that:
if we try to solve for y in this form it's nearly impossible, that's why we stick with ln(x) = y
but to find the inverse of the form:
switch the x and y, then solve for y:
So the exponential function is the inverse of the logarithmic one, f(x) = ln x