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20000=10000(1.03)t
We move all terms to the left:
20000-(10000(1.03)t)=0
We calculate terms in parentheses: -(10000(1.03)t), so:We move all terms containing t to the left, all other terms to the right
10000(1.03)t
We multiply parentheses
10300t
Back to the equation:
-(10300t)
-10300t=-20000
t=-20000/-10300
t=1+97/103
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