Here are the essential concepts you must grasp in order to answer the question correctly.
Exponential Equations
Exponential equations are equations in which variables appear as exponents. To solve these equations, one often uses logarithms to isolate the variable. In the given equation, the term (1.15)^x indicates that x is in the exponent, which requires logarithmic manipulation to solve for x.
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Solving Exponential Equations Using Logs
Logarithms
Logarithms are the inverse operations of exponentiation and are used to solve equations where the variable is an exponent. The logarithm of a number is the exponent to which a base must be raised to produce that number. In this case, applying logarithms will help to transform the exponential equation into a linear form, making it easier to isolate and solve for x.
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Rounding and Decimal Approximation
Rounding is the process of reducing the number of digits in a number while maintaining its value as closely as possible. In this exercise, solutions must be provided as decimals rounded to the nearest thousandth, which means keeping three digits after the decimal point. Understanding how to round correctly is essential for presenting the final answer in the required format.
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