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2000=1000(1.04)t
We move all terms to the left:
2000-(1000(1.04)t)=0
We calculate terms in parentheses: -(1000(1.04)t), so:We move all terms containing t to the left, all other terms to the right
1000(1.04)t
We multiply parentheses
1040t
Back to the equation:
-(1040t)
-1040t=-2000
t=-2000/-1040
t=1+12/13
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