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