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Formulas available to you on exam #3
MAT 1161, Business Math, Sean Forman
Spring 2004
Interest Compounded Continuously:
.
Interest Compounded
times per year:
.
Profit = Revenue - Cost.
Revenue = price
number sold.
Log Rules (can also exchange
for
and 10 for
.
.
.
.
.
.
.
.
Relative rate of change of
is
.
The elasticity of demand
is
.
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