SOLUTION: Solve: 1000=250(1.03)^t

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Question 1167886: Solve:
1000=250(1.03)^t
Answer by greenestamps(13200) About Me  (Show Source):
You can put this solution on YOUR website!


The unknown is in an exponent, so you will have to use logarithms (or a tool like a graphing calculator).

1000+=+250%281.03%29%5Et
4+=+%281.03%29%5Et
ln%284%29+=+t%2Aln%281.03%29
t+=+ln%284%29%2Fln%281.03%29

Time for the calculator....