Question

Assume x is a rate. Solve for x:

(50) (1+x)^10 = 200

Answer 1

Answer: The answer is x=1.116

Explanation: First divide both sides by 50 to get (1+x)^10 =4 then multiply each term by the power of 10 on the left hand side to get 1+x^10=4

Then move 1 to the other side to get

X^10= 3, Lastly install tenth roots both sides to get the answer of 1.116