ECONOMICS (CBSE/UGC NET)

ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the formula in finding the n?
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None of these
Explanation: 

Detailed explanation-1: -Step 1: The nth term of an arithmetic sequence is given by an = a + (n – 1)d. So, to find the nth term, substitute the given values a = 2 and d = 3 into the formula. Step 2: Now, to find the fifth term, substitute n = 5 into the equation for the nth term.

Detailed explanation-2: -logarithm, the exponent or power to which a base must be raised to yield a given number. Expressed mathematically, x is the logarithm of n to the base b if bx = n, in which case one writes x = logb n. For example, 23 = 8; therefore, 3 is the logarithm of 8 to base 2, or 3 = log2 8.

Detailed explanation-3: -log a = x means that 10x = a . 10log a = a (The basic logarithmic identity). log(a/b) = log a-log b, a > 0, b > 0. log an = n (log a) (Logarithm of a power).

Detailed explanation-4: -Use Snip to take a screenshot or a photo of equation. Check your Snip result. Copy LaTeX string and paste it directly to your document.

There is 1 question to complete.