SOLUTION: Can you please help me solve this? 7.66= 5.4(1+i) to the power of 6 i=6% Can you please explain how to get to the i value? Thank you

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Question 1061463: Can you please help me solve this?
7.66= 5.4(1+i) to the power of 6
i=6%
Can you please explain how to get to the i value? Thank you
Found 3 solutions by Alan3354, solver91311, MathTherapy:
Answer by Alan3354(69443)   (Show Source): You can put this solution on YOUR website!
The i value is 6%, probably the interest rate.
That's stated.
6% = 0.06
Answer by solver91311(24713)   (Show Source): You can put this solution on YOUR website!








Note: Using base 10 logarithms but any base can be used.









The rest is just calculator work

John

My calculator said it, I believe it, that settles it
Answer by MathTherapy(10555)   (Show Source): You can put this solution on YOUR website!
Can you please help me solve this?
7.66= 5.4(1+i) to the power of 6
i=6%
Can you please explain how to get to the i value? Thank you


 ------------- Dividing both sides by 5.4

 ----- RAISING each side to the  power to get rid of exponent, 6



 

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