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2 Answers
- 1 decade agoFavorite Answer
divide both sides by P,
add up all the stuff in the paren,
take the log of both sides to get y where you can use it,
and divide both sides by the log of (1+0.6/12)
Then divide both by 12.
Go for it, I am tired and logs were last year.
- Mr. DavidLv 71 decade ago
P=(1.6/12)^12y
P=(.1333)^12y
There where it gets tricky, but im to smart for it.
Time both the exponent by 1/12 to get rid of the exponent 12Y; the 12 cancels out.
It'll be P^1/12=(.1333)^Y
Y=1/12.
Hope you know that, square root can be convert into 1/2, You need to know that information, in order to do this question.
Example. 3^3=3^1/3. 5^2=5^1/2. Trust me, Im correct.