Solve the problems using logarithmic models. 13. Finance A stock priced at $40 increases at a rate of 8% per year. Write and evaluate a logarithmic expression for the number of years that it will take for the value of the stock to reach $50.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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how can i solve the problem using logarithmic models

Solve the problems using logarithmic models.
13. Finance A stock priced at $40 increases at a rate of 8% per year. Write and evaluate
a logarithmic expression for the number of years that it will take for the value of the
stock to reach $50.
Transcribed Image Text:Solve the problems using logarithmic models. 13. Finance A stock priced at $40 increases at a rate of 8% per year. Write and evaluate a logarithmic expression for the number of years that it will take for the value of the stock to reach $50.
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