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August 1, 2014

August 1, 2014

Posted by **Lola** on Tuesday, November 9, 2010 at 10:19pm.

- Algebra 1 -
**Reiny**, Tuesday, November 9, 2010 at 11:36pminterest for lower rate loan = 7000(1.1)^n - 7000

interest for higher rate loan = 10080(1.12)^(n-.5) - 10080

10080(1.12)^(n-.5) - 10080 = 7000(1.1)^n - 7000

10080(1.12)^(n-.5) = 7000(1.1)^n - 7000 + 10080

1008(1.12)^(n-.5) = 700(1.1)^n + 308

no easy way to solve for n

I would try some values of n, until

left side = appr. right side

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