# How do you solve #20=50(1.04)^x#?

##### 1 Answer

Dec 21, 2015

**-23.36241894**

*The answer can be rounded up according to the requirements*

#### Explanation:

Step 1: Isolate the term containing the exponent to one side of the equation. This is achieved by dividing both sides by 50.

Step 2: in order to solve for "x" we have to use the power rule of logarithms i.e.

Let us take log to the base 10.

Step 3: Divide both sides by log (1.04).