What is the formula of natural logarithms that helps finding

Tammy Todd

Tammy Todd

Answered question

2021-08-10

What is the formula of natural logarithms that helps finding the time at what the account will have a specified value?

Answer & Explanation

diskusje5

diskusje5

Skilled2021-08-11Added 82 answers

The formula is:
A=Pert
Where A is the total/final amount, P is the principal (original), e is the natural log, r is the rate at which it increases/decreases, and t is the time it takes.

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