Question

Solve for n in the following equation:

250(1+0.015)n=750

Answer 1

Given $250(1+0.015)n=750$

equivalently we have $250(1.015)n=750$

Dividing both sides by $250(1.015)$ we have

$n = \frac{750}{250(1.015)} \approx 2.9556650246$