Ex 2: Compounded Interest with Logarithms

This video provides an example of compounded interest. Interest is compounded monthly. Logarithms are used to determine the time when the account will reach a certain balance.

[jaylakhani]

Thanks a lot. I was struggling on my homework and needed help.

[polinafokicheva]

Thank you so much! Stupid question - why do you use ln (natural log) instead of log? I can't figure it out. I know you use it to cancel out e, since its log to the base of e, but why do you use it in this case?

[deegee]

How do u find the interest rate of annuity...???

[declanplayz]

Your videos are great, but on the Botton is very difficult to see when you write the examples. The letters are huge;-(

[snowbae]

Not related to the video but is Inverse function and inverse variation the same?