SOLUTION: I cannot figure out this problem please help 67000(t)=49000(1.05)^t

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Question 861177: I cannot figure out this problem please help
67000(t)=49000(1.05)^t
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+67000%28t%29=49000%2A1.05%5Et+
+1.05%5Et+=+67000+%2F+49000+
+1.05%5Et+=+1.367347+
Take the log of both sides
+t%2Alog%28+1.05+%29+=+log%28+1.367347+%29+
+.0211893t+=+.1358787+
+t+=+6.412611+
( you might not need all those decimal places )
check answer:
+67000%28t%29=49000%2A1.05%5Et+
+67+=+49%2A1.05%5E6.412611+
+67+=+49%2A1.367347+
+67+=+67.0000015+
close enough