The base change property can help in what type of scenarios? HELP ME!!!!!
1 answer:
<h3>Base Change Property</h3><h3 />
The Base Change Property is very helpful in scenarios related to simplifying equations where the logarithmic terms have a varying base.
So to solve an equation, which possesses logarithmic functions, all logarithmic terms must have a similar base.
<h3>What is Base Change Property?</h3><h3 />This refers to the base formula which is used to write a logarithm of a number with a base that is fixed as the ratio of two logarithms both having the same base but different from the base of the initial or original logarithm.
Change of Base Formula is given as:
See the link below for more about Base Change Property:
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Given conditions are :
In 1980's, a typical middle-income household earned= $34,757
In 2009, a similar middle-income household earned= $38,550
And we have to find relative increase in income for these households from 1980 to 2009.
So first we will find the total increase in amounts.
Relative increase =
= 10.91% or rounding it off we get approx 11%.
Hence, the answer is 11%.