SOLUTION: Trying to solve for i here: 17000=10000(1+i)^5 I know the answer is 11.20 but trying to calculate myself

Question 150514: Trying to solve for i here:
17000=10000(1+i)^5
I know the answer is 11.20 but trying to calculate myself
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Start with the given equation.

Divide both sides by 10000.

Divide

Take the fifth root of both sides.

Take the fifth root of 1.7 to get 1.112

Subtract 1 from both sides.

Subtract.

So the solution is approximately . Are you sure that the answer is 11.20? If you are then I would double check the problem.
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