How do you solve 5000(1.09^(12x)) = 9500?
1 Answer
Jan 7, 2016
Explanation:
Divide both sides by
1.09^(12x)=1.9
To get the
log_1.09(1.09^(12x))=log_1.09 1.9
12x=log_1.09 1.9
Divide both sides by
x=(log_1.09 1.9)/12
To find the value of this in a calculator, use the change of base formula, which states that
log_ab=log_cb/log_ca
Thus
log_1.09 1.9=ln1.9/ln1.09
so
x=(ln1.9/ln1.09)(1/12)=ln1.9/(12ln1.09)=0.62066899187