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3.5 * 3 = 3.5 * (1 + 7.0/100)^n

 Apr 18, 2016
 #1
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10.5 = 3.5 1.07^n

10.5 = 21/2 and 3.5 1.07^n = 7 2^(-1-2 n) (107/25)^n:
21/2 = 7 2^(-1-2 n) (107/25)^n

21/2 = 7 2^(-1-2 n) (107/25)^n is equivalent to 7 2^(-1-2 n) (107/25)^n = 21/2:
7 2^(-1-2 n) (107/25)^n = 21/2

Divide both sides by 7:
2^(-1-2 n) (107/25)^n = 3/2

Take the natural logarithm of both sides and use the identities log(a b) = log(a)+log(b) and log(a^b) = b log(a):
log(2) (-1-2 n)+log(107/25) n = log(3/2)

Expand and collect in terms of n:
(log(107/25)-2 log(2)) n-log(2) = log(3/2)

Add log(2) to both sides:
(log(107/25)-2 log(2)) n = log(3/2)+log(2)

Divide both sides by log(107/25)-2 log(2):
Answer: |  n = (log(3/2)+log(2))/(log(107/25)-2 log(2)=16.238

 Apr 18, 2016
 #2
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3.5 * 3 = 3.5 * (1 + 7.0/100)^n Divide both sides by 3.5

3=1.07^n take the log of both sides

n=log(3) / log(1.07)

n=16.24

 Apr 18, 2016

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