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11 June, 15:09

20000=15000 (1.072) ^t

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  1. 11 June, 17:08
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    20,000 = 15,000 (1.072) ^t

    Divide each side by 15,000 : 4/3 = (1.072) ^t

    Take the log of each side: log (4/3) = t log (1.072)

    Divide each side by log (1.072) : t = log (4/3) / log (1.072)

    0.12494 / 0.03019 = 4.138 (rounded)
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