Solve for n
n=\log_{1.045}\left(1.14325\right)\approx 3.041448351
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\frac{19100}{6000}=\frac{1.045^{n}-1}{1.045-1}
Divide both sides by 6000.
\frac{191}{60}=\frac{1.045^{n}-1}{1.045-1}
Reduce the fraction \frac{19100}{6000} to lowest terms by extracting and canceling out 100.
\frac{191}{60}=\frac{1.045^{n}-1}{0.045}
Subtract 1 from 1.045 to get 0.045.
\frac{191}{60}=\frac{1.045^{n}}{0.045}+\frac{-1}{0.045}
Divide each term of 1.045^{n}-1 by 0.045 to get \frac{1.045^{n}}{0.045}+\frac{-1}{0.045}.
\frac{191}{60}=\frac{1.045^{n}}{0.045}+\frac{-1000}{45}
Expand \frac{-1}{0.045} by multiplying both numerator and the denominator by 1000.
\frac{191}{60}=\frac{1.045^{n}}{0.045}-\frac{200}{9}
Reduce the fraction \frac{-1000}{45} to lowest terms by extracting and canceling out 5.
\frac{1.045^{n}}{0.045}-\frac{200}{9}=\frac{191}{60}
Swap sides so that all variable terms are on the left hand side.
\frac{200}{9}\times 1.045^{n}-\frac{200}{9}=\frac{191}{60}
Use the rules of exponents and logarithms to solve the equation.
\frac{200}{9}\times 1.045^{n}=\frac{4573}{180}
Add \frac{200}{9} to both sides of the equation.
1.045^{n}=\frac{4573}{4000}
Divide both sides of the equation by \frac{200}{9}, which is the same as multiplying both sides by the reciprocal of the fraction.
\log(1.045^{n})=\log(\frac{4573}{4000})
Take the logarithm of both sides of the equation.
n\log(1.045)=\log(\frac{4573}{4000})
The logarithm of a number raised to a power is the power times the logarithm of the number.
n=\frac{\log(\frac{4573}{4000})}{\log(1.045)}
Divide both sides by \log(1.045).
n=\log_{1.045}\left(\frac{4573}{4000}\right)
By the change-of-base formula \frac{\log(a)}{\log(b)}=\log_{b}\left(a\right).
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