(1+r/12)^12=1.12

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Solution for (1+r/12)^12=1.12 equation: 



(1+r/12)^12=1.12

We move all terms to the left:

(1+r/12)^12-(1.12)=0

We add all the numbers together, and all the variables

(r/12+1)^12-(1.12)=0

We add all the numbers together, and all the variables

(r/12+1)^12-1.12=0

We multiply all the terms by the denominator


(r-(1.12)*12+1)^12=0

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