400,000(1.05^x)=1,000,000
What would x be in this problem?
400,000(1.05^x)=1,000,000 divide both sides by 400,000
1.05^x = 1000000/40000
1.05^x = 2.5 take the log of both sides
log 1.05^x = log 2.5 and we can write
x log 1.05 = log 2.5 divide both sides by log 1.05
x = log 2.5 / log 1.05 = about 18.78