SOLUTION: 5000=750(1.02)^(4t)

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Question 197600: 5000=750(1.02)^(4t)
Answer by nerdybill(7384) About Me  (Show Source):
You can put this solution on YOUR website!
5000=750(1.02)^(4t)
First, divide both sides by 750
6.6667 = (1.02)^(4t)
Next, take log base 1.02 of both sides:
log(6.6667)/log(1.02) = 4t
95.8014 = 4t
finally, dividing both sides by 4:
23.9504 = t