Hi Everyone, I was hoping for some help on the following problem 44000 * (1.03)^x = 50000 * (1.02)^x What does X equal? Thanks in advance, Chris
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Originally Posted by dubs1013 Hi Everyone, I was hoping for some help on the following problem 44000 * (1.03)^x = 50000 * (1.02)^x What does X equal? Thanks in advance, Chris You can simplify the equation to $\displaystyle \left( \frac{1.03}{1.02} \right)^x=\frac{25}{22}$ You can use a logarithm to finish solving from here.
If you could walk me through the logarihm that would be great. Thank you very much
$\displaystyle a^x = b$ $\displaystyle \log(a^x) = \log(b)$ $\displaystyle x \log(a) = \log(b)$ $\displaystyle x = \frac{\log(b)}{\log(a)}$
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