How do I solve for r?

20000 = (1 + r)^5

How do I solve for r?

20000 = (1 + r)^5

20000 = (1 + r)^5

- stapel_eliz
**Posts:**1686**Joined:**Mon Dec 08, 2008 4:22 pm-
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daisy wrote:How do I solve for r?

20000 = (1 + r)^5

From your subject line, I will guess that you are supposed to solve by using logs. To learn how to solve exponential equations, try

. . . . .

...and see where that leads.

so... 20000 = 5 x ln(1 + r)... I concur with this statement.

But how do you evaluate ln(1 + r) in a attempt to solve the equation for "r"?

But how do you evaluate ln(1 + r) in a attempt to solve the equation for "r"?

- stapel_eliz
**Posts:**1686**Joined:**Mon Dec 08, 2008 4:22 pm-
**Contact:**

I get it! Equation solved. Many thanks.