[Maxima] a financial problem again

Tue Mar 27 10:13:53 CDT 2012

Dear Friends,

Maxima cannot solve this relatively simple problem. Why?
Thanks in advance,
Victor

A principal of USD 7650 is invested at a rate of 3.7% compounded annually.
After how many years will the investment exceed USD 12250?

solve([7650*1.037^x=12250], [x]);

-- 
Victor Hermans
Bartoklaan 14
2253 CX - Voorschoten
Netherlands
tel. 00-31-715613589
mob. 00-31- (0)6-24345774