Sunday

February 1, 2015

February 1, 2015

Posted by **Shannon** on Monday, August 23, 2010 at 6:13pm.

A) how much is in the account after 5 years?

B) use logarithms to determine how many years it will take for the account to grow to $1000.

Could someone show me how to do this step by step? Thank you

- Math -
**Reiny**, Monday, August 23, 2010 at 6:27pma) amount = 100(1.04)^5

= ...

b)

100(1.04)^n = 1000

1.04^n = 10

log[ 1.04^n ] = log 10

n log 1.04 = 1

n = 1/log 1.04 = ...

(you do the button-pushing)

**Answer this Question**

**Related Questions**

Lat math question for some days. Can y'all help? - Huan deposited $850 into a ...

differential equation - If P(t) is the amount of dollars in a savings bank ...

Algebra - Show how you substitute the values into the formula, then use your ...

math - Huan deposited $850 into a collegesavings account earning 4.8% ...

MATH HELP! Complex Interest - Huan deposited $850 into a collegesavings account ...

Math - a person deposited $500 in a savings account that pays 5% annual interest...

math - 37. A person deposited $500 in a savings account that pays 5% annual ...

Math - A person deposited $500 in a savings account that pays 5% annual interest...

math - 37. A person deposited $500 in a savings account that pays 5% annual ...

Math - (a) Themba wants to deposit a sum of money into a savings account so that...