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An investment of $36 is earning 6 % interest per annum compounded annually. If the value, V , of the investment after t years is
An investment of $36 is earning 6 % interest per annum compounded annually. If the value, V , of the investment after t years is given by V - 36(1.06)' , then t , written as a function of V , is 10g6 V Ot = 2 . log6 1.06 log6 V - 2 Ot = log6 1.06 Ot = log6 V 2 - log6 1.06 Ot = log: V - 2 - log6 1.06
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