1. **State the problem:** Solve the equation $$2000 \times (1.02)^x = 2500$$ for $x$.
2. **Isolate the exponential term:** Divide both sides by 2000 to get:
$$\cancel{2000} \times (1.02)^x = \frac{2500}{\cancel{2000}}$$
which simplifies to
$$ (1.02)^x = \frac{2500}{2000} = 1.25 $$
3. **Use logarithms to solve for $x$:** Taking the natural logarithm (ln) of both sides:
$$ \ln\left((1.02)^x\right) = \ln(1.25) $$
4. **Apply logarithm power rule:**
$$ x \times \ln(1.02) = \ln(1.25) $$
5. **Solve for $x$:**
$$ x = \frac{\ln(1.25)}{\ln(1.02)} $$
6. **Calculate the numerical value:**
$$ x \approx \frac{0.223143551}{0.019802627} \approx 11.27 $$
**Final answer:**
$$ x \approx 11.27 $$
Exponential Equation 542Af8
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