25= e^k(.15) find the value of k

Mathematics

1 answer:

Vladimir79 [104]3 years ago

3 0

25 = e^k (0.15)
e^k = 25/0.15
k = Ln(25/0.15) ≈ 5.116

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<u>ANSWER: </u>

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<u>SOLUTION: </u>

Given,

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We need to find the rate per annum. i.e. R = ?