How do you solve #20=50(1.04)^x#?
The answer can be rounded up according to the requirements
Step 1: Isolate the term containing the exponent to one side of the equation. This is achieved by dividing both sides by 50.
Step 2: in order to solve for "x" we have to use the power rule of logarithms i.e.
Let us take log to the base 10.
Step 3: Divide both sides by log (1.04).