SOLUTION: Please help me solve this equation {{{ 20p=(10000)(1.05)^20}}} i am confused by the exponent.

SOLUTION: Please help me solve this equation {{{ 20p=(10000)(1.05)^20}}} i am confused by the exponent.

Algebra.Com

Question 887538: Please help me solve this equation i am confused by the exponent.
Answer by 2897696(96) (Show Source): You can put this solution on YOUR website!
the (1.05)^20 means to multiply 1.05*1.05 20 times.
20p=(10000)*(1.05)^20
20p=10000*2.653297705
20p=26532.97705
p=1326.648853
or about 1326.6
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