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1000=(1000*1.01^x)-(1000*1.01^(x-1))
We move all terms to the left:
1000-((1000*1.01^x)-(1000*1.01^(x-1)))=0
We calculate terms in parentheses: -((1000*1.01^x)-(1000*1.01^(x-1))), so:We add all the numbers together, and all the variables
(1000*1.01^x)-(1000*1.01^(x-1))
We get rid of parentheses
1000*1.01^x-(1000*1.01^(x-1))
We calculate terms in parentheses: -(1000*1.01^(x-1)), so:We add all the numbers together, and all the variables
1000*1.01^(x-1)
Wy multiply elements
1000x
Back to the equation:
-(1000x)
-1000x+1000*1.01^x
Wy multiply elements
-1000x+1000x
We add all the numbers together, and all the variables
Back to the equation:
-()
=0
x=0/1
x=0
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