Question

1,000,000=500,000/(1+i)^2 solve for i

Answer 1

Heyo Connor. :D Tell me, what's the first thing you should do with this equation?

Answer 2

have you heard of PEMDAS before?

Answer 3

Then tell me what PEMDAS means, I'll be here if you can't remember all of it. :)

Answer 4

parenthesis, exponent, multiply, divide, add, subtract

Answer 5

That's right, so then using pemdas, what do you do first in your equation of:
\[1,000,000 = 500,000\div(1+i)^2\]

Answer 6

get rid of the exponent

Answer 7

Tell me, how would you do that?

Answer 8

raise both sides by 1/2

Answer 9

hello?

Answer 10

ok... so start by swapping (1 + i)^2 and 1000000

so

\[(1 + i)^2 = \frac{500000}{1000000} = \frac{1}{2}\]

so if

\[(1 + i)^2 = \frac{1}{2}\]

take the square root of both sides

then subtract 1 to get the value of 1

Answer 11

oops value of i