MATH 1M03 Lecture Notes - Lecture 3: Jacob Bernoulli, Quotient Rule, Product Rule

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Let 0 < a, b < and < x, y < be real numbers. equality rule: ax = ay if and only if x = y product rule: axay = ax+y quotient rule: ax ay. = ax y power rule: (ax)y = axy multiplication rule: (ab)x = axbx division rule: b(cid:19)x (cid:18) a ax bx. 3x22x = 144 ans: x = 2: determination of x. = 34x ans: x = 1, x = . 2 the number e and compound interest e = lim n (cid:18)1 + The number e rst arises in 1690 when jacob bernoulli was studying compound interest. B= balance after the interest added (accumulated balance) r = the rate of interest per year. When the interest is compounded more than once, say k times a year, then the rate at each period is r/k. In this case, the balance after one year is.

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