How much interest is earned on$2,700 in one year if it is invested at 3%
2 answers:
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Answer:
The question is incomplete, the complete question is "Changing Bases to Evaluate Logarithms in Exercise, use the change-of-base formula and a calculator to evaluate the logarithm. See Example 9. .
Step-by-step explanation:
From the general properties or laws of logarithm, we have the
where both log are now express in the natural logarithm base.
i.e
hence we can express our .
the value of ln7 is 1.9459 and ln4 is 1.3863
Hence .