Hi, I am having a hard time solving for t using logarithms.
Equation is :
40000 + 2000t = 38500 (1.05)^t
Any help would be appreciated.
To solve this algebraically, you have to use the Lambert W function
Lambert W function - Wikipedia, the free encyclopedia
Here are some other examples where the Lambert W function is needed.
Try searching Math Forum for other threads where the Lambert W function is needed.
Hope this helps. Have fun exploring the world of math.