Skip to content

ACCA Forums

AFMPlz help me to solve this mathematical equation

EPEsther Pang14y ago
Hi,

Does anyone know how to find the 'i' in this equation? please help! Thanks

0.579 x [180 x (1+i)² + 180 x (1+i) + 180]
26.62

= 13.893
((deleted)14y ago#1
The following steps might help
0.5795 x [180 x (1+2i+i²)+180 x (1+i) + 180] = 13.893
26.62
0.579 x [180 + 360i + 180i² + 180 +180i +180] = 13.893
26.62
0.579 x [ 540 +540i +180i²] = 13.893 x 26.62
312.66 + 312.66i + 104.22i² = 369.83166

Rearranging the equation
104.22i² + 312.66i - 57.17166 = 0

Solving the simultaneous equation (I used my calculator for this but there is a formula)
i = 0.1729 or -3.1729
Hope that helps
EPEsther Pang14y ago#2
hi there, thanks for your reply. U solved my problem. the suggested answer was between 17 and 18%, and your answer is exactly within this range. thank you so much.
Sign in to reply to this topic.