How do I do 1.25=(1+0.04)^x? And find x
x = ~5.6
just by guess and check... if you want a better answer use mathpapa.com
Take logs of both sides:
ln(1.25) = ln(1.04x)
Use the following property of logs: ln(ab) = b*ln(a) to get:
ln(1.25) = x*ln(1.04)
Divide both sides by ln(1.04)
x = ln(1.25)/ln(1.04) ≈ 5.689
.
