SOLUTION: 2400 (1+ (7.5/100) ) in the power of n = 3445.51 Find n here.

Algebra ->  Finance -> SOLUTION: 2400 (1+ (7.5/100) ) in the power of n = 3445.51 Find n here.      Log On


   

Question 1123272: 2400 (1+ (7.5/100) ) in the power of n = 3445.51
Find n here.
Answer by josgarithmetic(39623) About Me  (Show Source):
You can put this solution on YOUR website!
What?
2400(1+7.5/100)^n=3445.51
?
2400%281%2B7.5%2F100%29%5En=3445.51

2400%281.075%29%5En=3445.51
How do you want? Logarithms, or successive computation?

Use a calculator.
Choose whole number values for n starting from 1, and compute the left side. Which left-side value matches or is close to the right side?



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n=5