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Gimmy 07-17-2006 07:11 PM

Algebra Help!
 
2=1.06^n

what is n, please show your work?

Linkster 07-17-2006 07:42 PM

11.8956611

Gimmy 07-17-2006 07:45 PM

Quote:

Originally Posted by Linkster
11.8956611

how did you solve that?

E$_manager 07-17-2006 08:42 PM

some clever people around here! i feel so small... :(

evilclown 07-17-2006 10:41 PM

2=1.06^n

log 2 = log (1.06^n)

log 2 = n log 1.06

log 2 / log 1.06 = n

11.8956611 = n

It will take your money 11.9 years to double at a 6% annual interest rate.

Heidiland 07-17-2006 10:46 PM

i hate math!


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