Question

There's an example in my text book that is simplifying an equation. I don't understand one of the step. Can someone help?

Answer 1

\[2.5 = \frac{ (1.01)^{N} }{ (1.01)^{N}-1 }\]

Answer 2

Then they simplify that to:

Answer 3

\[\frac{ 2.5 }{ 1.5 } = (1.01)^{N}\]

Answer 4

I don't understand where the 1.5 comes from.

Answer 5

@dan815
Do you know where the 1.5 comes from?