SOLUTION: Consider the equation: 5000 equals 1000 left parenthesis 1 plus r right parenthesis to the power of n 5000=1000(1+r)^n Solve for r if n=46.

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: Consider the equation: 5000 equals 1000 left parenthesis 1 plus r right parenthesis to the power of n 5000=1000(1+r)^n Solve for r if n=46.       Log On


   

Question 989089: Consider the equation: 5000 equals 1000 left parenthesis 1 plus r right parenthesis to the power of n
5000=1000(1+r)^n
Solve for r if n=46.
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
5000=1000(1+r)^n
Solve for r if n=46.
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5000=1000(1+r)^46
5=(1+r)^46
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root%2846%2C5%29+=+1%2Br
r+=+root%2846%2C5%29+-+1
r =~ 0.035607
r = ~ 3.56%