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Simplifying (1 + 0.06) = (1 + 0.04)(1 + x) Combine like terms: 1 + 0.06 = 1.06 (1.06) = (1 + 0.04)(1 + x) 1.06 = (1 + 0.04)(1 + x) Combine like terms: 1 + 0.04 = 1.04 1.06 = (1.04)(1 + x) 1.06 = (1 * 1.04 + x * 1.04) 1.06 = (1.04 + 1.04x) Solving 1.06 = 1.04 + 1.04x Solving for variable 'x'. Move all terms containing x to the left, all other terms to the right. Add '-1.04x' to each side of the equation. 1.06 + -1.04x = 1.04 + 1.04x + -1.04x Combine like terms: 1.04x + -1.04x = 0.00 1.06 + -1.04x = 1.04 + 0.00 1.06 + -1.04x = 1.04 Add '-1.06' to each side of the equation. 1.06 + -1.06 + -1.04x = 1.04 + -1.06 Combine like terms: 1.06 + -1.06 = 0.00 0.00 + -1.04x = 1.04 + -1.06 -1.04x = 1.04 + -1.06 Combine like terms: 1.04 + -1.06 = -0.02 -1.04x = -0.02 Divide each side by '-1.04'. x = 0.01923076923 Simplifying x = 0.01923076923
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