Find the solution of the exponential equation, rounded to four decimal places. 1

Algebra
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Find the solution of the exponential equation, rounded to four decimal places.

100(1.01)7t = 500
t = 
Apr 14th, 2015

(1.01)^(7t) = 500/100 = 5                                    take natural logarithms of both sides

(7t) ln1.01 = ln5          => t = ln5 / (7 ln1.01) = 23.1067            

Apr 14th, 2015

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