Here are the essential concepts you must grasp in order to answer the question correctly.
Exponential Functions
Exponential functions are mathematical expressions in which a constant base is raised to a variable exponent. In the context of the equation A = P (1 + r/n)^(tn), the term (1 + r/n) represents the growth factor, and tn is the exponent that indicates how many times the growth factor is applied over time. Understanding how these functions behave is crucial for solving equations involving growth and decay.
Recommended video:
Logarithms
Logarithms are the inverse operations of exponentiation, allowing us to solve for the exponent in an equation. When we have an equation in the form of A = P (1 + r/n)^(tn), taking the logarithm of both sides can help isolate the variable t. Logarithms can be expressed in different bases, and knowing how to convert between them is essential for solving equations effectively.
Recommended video:
Isolating Variables
Isolating a variable involves rearranging an equation to solve for that specific variable. In the equation A = P (1 + r/n)^(tn), we need to manipulate the equation to express t in terms of A, P, r, and n. This process often requires using algebraic techniques such as division, multiplication, and applying logarithmic properties to achieve the desired form.
Recommended video:
Equations with Two Variables