Answer: t= 13.4
Step-by-step explanation:
The given equation is [tex]2P_0=P_0(1.053)^t[/tex]
To solve this equation for 't', we first divide both sides by [tex]P_0[/tex], we get
[tex]2=(1.053)^t[/tex]
Taking log on both the sides, we get
[tex]\log 2= \log(1.053)^t[/tex]
Since [tex]\log a^b=b\log a[/tex]
Then,
[tex]\log 2= t\log1.053\\\\\Rightarrow0.30103=t(0.02243)\\\\\Rightarrow t=\dfrac{0.30103}{0.02243}\\\\\Rightarrow t=13.4208649131\approx13.4[/tex]
Hence, the value of t is 13.4.
