$600 is deposited in an account that pays 7% annual interest, compounded continuously. What is the balance after 5 years? Please
help me!!!
2 answers:
You might be interested in
Answer:
The solution is 1.
Step-by-step explanation:
Logarithm:
Suppose we have a logarithmic equation in the following format:
It means that:
In this question:
Which means that:
Every number, elevated to 0, is 1. So
Which means that the solution is
