Question

How would I solve this equation? I also would like the steps please.

Answer 1

Answer:

The answer to your question is x = 23.36

Step-by-step explanation:

                                          $\frac{1250}{1.04^{x} } = 500$

Solve for x

                                          1250 = 500(1.04)$^{x}$

                                          $\frac{1250}{500} = 1.04^{x}$

Apply logarithms

                                          $2.5 = 1.04^{x}$

                                          log 2.5 = x log 1.04

                                         x = 0.398 / 0.017

                                        x = 23.36