SOLUTION: Please help me solve this equation {{{ 20p=(10000)(1.05)^20}}} i am confused by the exponent.

Algebra ->  Exponents -> SOLUTION: Please help me solve this equation {{{ 20p=(10000)(1.05)^20}}} i am confused by the exponent.      Log On


   

Question 887538: Please help me solve this equation +20p=%2810000%29%281.05%29%5E20 i am confused by the exponent.
Answer by 2897696(96) About Me  (Show Source):
You can put this solution on YOUR website!
the (1.05)^20 means to multiply 1.05*1.05 20 times.
20p=(10000)*(1.05)^20
20p=10000*2.653297705
20p=26532.97705
p=1326.648853
or about 1326.6