Given R = 12%, solve (1 + R)^T = 2 for T. "T" is the exponent of (1 + R).
C cmklsk New member Joined Nov 10, 2006 Messages 6 Nov 10, 2006 #1 Given R = 12%, solve (1 + R)^T = 2 for T. "T" is the exponent of (1 + R).
stapel Super Moderator Staff member Joined Feb 4, 2004 Messages 16,582 Nov 10, 2006 #2 Convert R from a percentage to a decimal, take the log of either side of the equation, and divide to get T by itself. Eliz.
Convert R from a percentage to a decimal, take the log of either side of the equation, and divide to get T by itself. Eliz.
D Denis Senior Member Joined Feb 17, 2004 Messages 1,707 Nov 10, 2006 #3 Rule: if a^p = b, then p = log(b) / log(a)
