Recent content by Gothika

Oh, that makes much more sense and I solved the problem. Thank you very much for taking the time to help me through it.

ln(1.4) = 720ln((360+r)/360) I divided both sides by 720 and got: ln(1.4)/720 = ln((360+r)/360) But I'm not entirely sure what you mean by exponentiating both sides

Homework Statement Solve the compound interest formula for r by using natural logarithms. Homework Equations A=P(1+r/n)nt The Attempt at a Solution 1400 = 1000(1+r/360)(360*2) 1.4 = (1+r/360)720 ln(1.4) = 720ln((360+r)/360) I'm not sure where to go after this. Did I...