Final answer:
The equation 4x + 3 = 7 is solved algebraically by subtracting 3 from both sides and then dividing by 4 to find x = 1. There is no need for logarithms or the change of base formula to solve this linear equation.
Step-by-step explanation:
The equation 4x + 3 = 7 is a linear equation and can be solved using simple algebraic manipulations rather than the change of base formula for logarithms. However, to show how logarithms could hypothetically be used (even though it's over-complicating this particular problem), we can take the following steps:
Divide both sides by 4: x = 1.
Therefore, the solution to the equation is x = 1. There is no need to round to the nearest thousandth as the solution is a whole number. The change of base formula, logb y = (log y) / (log b), is not necessary for this equation.