Asked by Anonymous
For the function P(t)=765(1.02)^t, what value is t when P(t) exceeds 1000?
My answer: t=14
My answer: t=14
Answers
Answered by
Steve
765 * 1.02^t > 1000
1.02^t > 1.3072
t ln1.02 > ln(1.3072) = 0.2679
t > 13.5
1.02^t > 1.3072
t ln1.02 > ln(1.3072) = 0.2679
t > 13.5
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