Answer:
23.44 (Please RECHECK ANSWER)!!!!!
Explanation:
To solve this equation for x, we can start by dividing both sides by 7:
1.02^x = 2(1.03^x)
Next, we can take the natural logarithm (ln) of both sides:
ln(1.02^x) = ln(2(1.03^x))
Using the logarithmic property that ln(ab) = ln(a) + ln(b), we can simplify the right side of the equation:
ln(1.02^x) = ln(2) + ln(1.03^x)
Now we can use the power rule of logarithms that ln(a^b) = b ln(a) to simplify the left side of the equation:
x ln(1.02) = ln(2) + x ln(1.03)
Taking the x terms to one side and factoring out x, we get:
x(ln(1.02) - ln(1.03)) = ln(2)
Dividing both sides by (ln(1.02) - ln(1.03)), we get:
x = ln(2) / (ln(1.02) - ln(1.03))
Using a calculator, we can solve for x:
x = 23.44 (rounded to two decimal places)
Therefore, x is approximately 23.44.