Solve: logx64 = 3 which is an equivalent equation?

By applying the definition of logarithm, you have

So, if you consider the cubic root of both sides, you have

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of