Exponential Growth If you are asked to find the t in the exponential growth equation y=C(1+r)^t how would you find it. Example 1.2487 ≤ 1.021^t Would you have to guess and check or is there another way to solve
No idea XD
1.2487 ≤ 1.021^t take the log of both sides
log 1.2487 ≤ log 1.021^t an we can write
log 1.2487 ≤ t * log 1.021 divide by log 1.021
log 1.2487 / log 1.021 ≤ t
10.687 ≤ t
Thank you
