The logarithm of 10 to base 10 is 1
<h3>How to determine the logarithm?</h3>The given parameters are:
Base = 10
Number = 10
So, the expression is:
As a general rule;
The above means that;
When the base and the number are the same, the logarithm is 1
So, we have:
Hence, the logarithmic value is 1
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Answer:
The correct answer is $8532.17
Step-by-step explanation:
The formula for calculating investments with compound interests is as follows:
Where:
R is the annual interest rate,
t is the number of times the investment is to be compounded in a year,
n is the number of years,
P is the principal amount invested.
Replacing in the formula with the given values you have: