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Do you have a savings account, RESP, or other type of investment? Do you enjoy watching your money grow and gain interest? If you have a car loan, credit card, or other borrowed money, you might have experienced interest in a different way! Whether you are calculating your interest on investments or your interest charges on loans, you will be using formulas that contain exponents.
In Lesson 2 you solved exponential equations in which the bases of the powers were the same and the exponents could be equated. When a common base of the powers could not be found, the equations were much more difficult to solve. How can you solve any exponential equation algebraically?
In this lesson you will explore how to solve equations that include logarithms and how logarithms will help solve exponential equations.
At the end of this lesson you will be able to
You will investigate the following question:
Your assessment may be based on a combination of the following tasks: