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Jerome will be buying a used car for $\$ 15,000$ in 3 years. How much money should he ask his parents for now so that, if he invests it at $5 \%$ compounded continuously, he will have enough to buy the car?
Exponential and Logarithmic Functions
Right away, interest is compounded into. We have to use this equation for a representation of the amount after a few years. The number of years and the rate of interest are the first things to be written down. I want to purchase a used car for $15,000.3 years. You'll have to save that amount. Three years and $15,000. There were three years from Thiel's time. How much experience should a person ask for? I don't think so. You will have $15,000 in 3 years if he invests it. The principle is over, and also given was the figure out. Do you think he is good 5% or not? The disinterest is compound. Next time Do doesn't put all of this information into our equation and salt it backwards for P 15,000, you could P e v to the power 1.5 times three. If you just simplify this down, you'll get 15 $1000 which is equal to zero five. It was good. They can solve P by dividing. This year, 15 over a team is equal to 50 1000 invited by E to the power five 15 and so that's how much you should ask his parents so that he could save up to get $15,000 in two years. by the vehicle.
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In mathematics, a continuous function is a function for which sufficiently small changes in the input result in arbitrarily small changes in the output. Otherwise, a function is said to be a discontinuous function.
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