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Suppose the government wants to impose a tax on fossil fuels

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Suppose the government wants to impose a tax on fossil fuels to reduce
carbon emissions. The cost benefit is modeled by ln(1 – P) = -0.0039 – 0.0051x, where x represents the dollars of tax per ton of carbon emitted and P represents the percent reduction in emissions of carbon. (P is in decimal form.) Determine P when x = 63. Round to three decimal places.

I know the answer is 0.278 but i need help explaining step by step on how to solve this please.

 
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