SOLUTION: Solve for r: 500(1+r)^20=19500

Algebra.Com
Question 1004645: Solve for r:
500(1+r)^20=19500
Found 2 solutions by rfer, MathTherapy:
Answer by rfer(16322)   (Show Source): You can put this solution on YOUR website!
500*1+500r^20=19500
500r^20=19500-500
r^20=19000/500
r^20=38
r=20root38
r=1.199
Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!
Solve for r:
500(1+r)^20=19500




 -------- Taking the  root, or raising both sides to the  power

 -------- Exact value

 -------- Approximate value



Since this appears to be a rate (r), only the positive solution is given 

RELATED QUESTIONS


(r-r^361)/(1-r)=1074.51
Solve for... (answered by Fombitz)

(1+r)^3=1.560896
Solve for... (answered by Earlsdon)

S=  a/1-r

solve for... (answered by stanbon)

solve for r
r+1/3=8
 (answered by rfer)

Solve for r:... (answered by Fombitz)

solve for r

r^2 + 3r =... (answered by robertb)

solve E/e=(R+r)/r, solve for r

E/e =(R/r)+1
R/r=(E/e)-1
R/r = (E-e)/e
r/R=e/(E-e)... (answered by fractalier,stanbon)

E/e=(R+r)/(R-r) solve for... (answered by Fombitz,ikleyn)

Please help me solve for R for this equation: {{{(R/(R+1)) + 2=(3R)/(R+2)... (answered by ankor@dixie-net.com)