jonah2.0
Full Member
- Joined
- Apr 29, 2014
- Messages
- 544
Beautiful Sir Denis, simply beautiful. Another dragon slain, another damsel rescued. Wish I'd slain this dragon myself. If I must improve on it, I would have preferred to put the expression in an intuative fraction form likeFirst, convert both rates to annual equivalent:
(1 + .18/12)^12 - 1 = .195618... : ~19.5618%
(1 + .09/4)^4 - 1 = .093083... : ~9.3083%
Then:
500(1.195618)^n = 2*1000(1.093083)^n
Solve for n. That'll give you solutions in years.
NOTE:
It is (I find) easier and clearer to do these this way:
u = (1 + .18/12)^12
v = (1 + .09/4)^4
500u^n = 2*1000v^n ; divide by 500:
u^n = 4v^n
u^n / v^n = 4
(u/v)^n = 4
Now log that to the finish!
Btw, divide by 12 after, and you'll get same as you do using Hall's yukky way
500(1.015 ) ^ ( 12t )
- - - - - - - - - - - - - - - - - = 2
1,000(1.0225 ) ^ (4t)
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