Last time: Section 7.7: L'Hopital's Rule | Next time: Section 8.2: Integration by Parts |
Today:
Solving t is for t, we get
where n is the number of compoundings per year, and r is given as a decimal (e.g. 9% is represented by .09). This is the doubling time.
When compounding is continuous (i.e. ), this reduces to the very lovely rule
The answer, of course, is L'Hopital's Rule, which is useful in solving certain indeterminate limits:
Let's rewrite it a little: we want to show that
(take logs! Better than induction....)
and cosine function has inverse function arccos:
Exercise 49, p. 398