SOLUTION: (1=0.06/4)^4t=3

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Question 147935: (1=0.06/4)^4t=3
Answer by stanbon(48535) About Me  (Show Source):
You can put this solution on YOUR website!
(1+0.06/4)^(4t)=3
(1.015)^(4t) = 3
Take the log of both sides to get:
4t log 1.015 = log3
4t = = 73.78876...
t = 18.447...
Cheers,
Stan H.