How do you solve 5000(1.09^(12x)) = 9500?

1 Answer
Jan 7, 2016

x=0.62066899187

Explanation:

Divide both sides by 5000.

1.09^(12x)=1.9

To get the x out of the exponent, or to undo the exponential function, take the logarithm with base 1.09 of both sides.

log_1.09(1.09^(12x))=log_1.09 1.9

12x=log_1.09 1.9

Divide both sides by 12.

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