The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
The value to plug into your equation,
The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
To know more visit:
Answer:
The answer to your question is log₁₀ x + b = a
Step-by-step explanation:
General formula
Logarithmic function Exponential function
log ₐ b = c
a = antilogaritm c = exponent
b = base b = base
c = logaritm a = power
In your problem
10 = base
a = exponent
x + b = power
Exponential function log₁₀ x + b = a