Answer:
The answer to your question is x = 23.36
Step-by-step explanation:
[tex]\frac{1250}{1.04^{x} } = 500[/tex]
Solve for x
1250 = 500(1.04)[tex]^{x}[/tex]
[tex]\frac{1250}{500} = 1.04^{x}[/tex]
Apply logarithms
[tex]2.5 = 1.04^{x}[/tex]
log 2.5 = x log 1.04
x = 0.398 / 0.017
x = 23.36
