Question 417867
3000 = 2000 (1 + r)^8


1.5 = (1 + r)^8


log(1.5) = 8 [log(1 + r)]


[log(1.5)] / 8 = log(1 + r)


1 + r = 10^{[log(1.5)] / 8} ___ this is the inverse of the logarithm operation