If I have a 500.00$ balance and I earn 10 percent of my balance everyday how long would it take me to make 1500.00 a day?
+130511 1500 = 500(1 + .10)d where d is the number of days....divide both sides by 500
3 = (1 + .10)d take the log of both sides
log 3 = log (1 + .10)d and by a log property we can write
log 3 = d log (1 + .10) divide both sides by log (1 + .10)
log 3 /log (1 + .10) = d = about 11.5 days (or 12 days, rounded)
+130511 1500 = 500(1 + .10)d where d is the number of days....divide both sides by 500
3 = (1 + .10)d take the log of both sides
log 3 = log (1 + .10)d and by a log property we can write
log 3 = d log (1 + .10) divide both sides by log (1 + .10)
log 3 /log (1 + .10) = d = about 11.5 days (or 12 days, rounded)
