Question

How would I solve this equation? I also would like the steps please.

Answer 1

The answer to your question is x = 23.36

Explanation:

`(1250)/(1.04^(x) ) = 500`

Solve for x

1250 = 500(1.04)
`^(x)`

`(1250)/(500) = 1.04^(x)`

Apply logarithms

`2.5 = 1.04^(x)`

log 2.5 = x log 1.04

x = 0.398 / 0.017

x = 23.36