document.write( "Question 32576: example:
\n" ); document.write( "how would you solve this:
\n" ); document.write( "7740.70(1+(r/365))^365=7770.84\r
\n" ); document.write( "\n" ); document.write( "I can't figure out what to do with the exponent?
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Algebra.Com's Answer #19070 by mukhopadhyay(490)\"\" \"About 
You can put this solution on YOUR website!
You will need a scientific calculator to do the necessary computation.
\n" ); document.write( "The steps are as below:
\n" ); document.write( "7740.70(1+(r/365))^365=7770.84
\n" ); document.write( "=> [1+(r/365)]^365 = 7770.84/7740.70
\n" ); document.write( "Take log on both sides:
\n" ); document.write( "log [1+(r/365)]^365 = log (7770.84/7740.70)
\n" ); document.write( "=> 365 log [1+(r/365)] = log (7770.84) - log (7740.70)
\n" ); document.write( "=> log [1+(r/365)] = [log (7770.84) - log (7740.70)]/365
\n" ); document.write( "Use the definition of the log: if log x = a, then x = 10^a
\n" ); document.write( "Thus, [1+(r/365)] = 10^[{log (7770.84) - log (7740.70)}/365]
\n" ); document.write( "=> r/365 = 10^[(log 7770.84 - log 7740.70)/(365) - 1]
\n" ); document.write( "=> r = 365*10^[(log 7770.84 - log 7740.70)/(365) - 1]
\n" ); document.write( "The above gives the exact solution of r. If you want to find the approximate solution, you will need a calculator to do so. The solution can also be found easily by using graphing calculator.
\n" ); document.write( "The above kind of expression looks kind of Cryptic, but you will get habituated after practicing them for a while
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