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solve for r 13,962= 16024(1-r)^4
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first divide both side by 16024
Ok, so would I leave it as a fraction?
13,962/16,024?
yeah then take the fourth root
you can but decimal is better than fraction up to you!
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you have to use a calculator anyway to do this boring problem, might as well do it in one step http://www.wolframalpha.com/input/?i=13%2C962%3D+16024%281-x%29^4 click on "approximate form" to get a decimal
so it would be .8713^4?
I got .4237 as my answer
nope that is not right
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