SOLUTION: solve. 5000(1.03)^(4t)=2000

Question 736549: solve.
5000(1.03)^(4t)=2000
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
solve.

divide both sides by 5000
= .4
4t*log(1.03) = log(.4)
4t =
4t ~ -31
t = -31/4
t = -7.75
:
:
Check this on calc: enter: 5000*(1.03^(4*-7.75)) results about 2000
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