Multiply both sides of the equation by .

Simplify .

Simplify by subtracting numbers.

Subtract from .

Subtract from .

Cancel the common factor of .

Cancel the common factor.

Rewrite the expression.

Cancel the common factor of .

Cancel the common factor.

Rewrite the expression.

Simplify .

Subtract from .

Divide by .

Multiply by .

Add to both sides of the equation.

Add and .

Take the natural logarithm of both sides of the equation to remove the variable from the exponent.

Expand by moving outside the logarithm.

Divide each term in by .

Cancel the common factor of .

Cancel the common factor.

Divide by .

The result can be shown in multiple forms.

Exact Form:

Decimal Form:

Solve for n ((3600*(1.03^n-1))/(1.03-1))=58741.3485380624