Madeline deposited $750 into an investment account that earns 1.5% interest compounded annually. If no deposits nor withdrawals
are made, how much in dollars will be in the account after 15 years?
A $1,687.50
B $937.67
C $918.75
D $870.40
A $1,687.50
B $937.67
C $918.75
D $870.40
1 answer:
You might be interested in
Step-by-step explanation: The base of the power in the original equation becomes the base of the log. So we have .
Next, the exponent in the original equation goes on the other side of the equation and finally, the result in the original equation goes inside the log.
So we have
which is 3² = 9 written in logarithmic form.
This can also be switched around to read .
So the first choice will be your answer.
My work is also show in the image attached,
I just didn't switch it.
