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Solve for me the question below 2=(1+0.08)^n?
Anonymous
Mar 10, 2024
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Solve for me the question below 2=(1+0.08)^n?
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Mar 10, 2024
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To solve for n, we need to isolate it on one side of the equation.
First, simplify the right side of the equation:
1 + 0.08 = 1.08
Now the equation becomes:
2 = 1.08^n
To solve for n, we need to take the logarithm of both sides of the equation. Let's take the natural logarithm (ln) of both sides:
ln(2) = ln(1.08^n)
Using the property of logarithms that states ln(a^b) = b*ln(a), we can rewrite the equation as:
ln(2) = n*ln(1.08)
Now, divide both sides by ln(1.08) to solve for n:
n = ln(2) / ln(1.08)
Using a calculator, we can find the approximate value of n:
n ≈ 9.006
Therefore, n is approximately 9.006.
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