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(1+x)=(1+.03)*(1+.03)
We simplify the equation to the form, which is simple to understand
(1+x)=(1+.03)*(1+.03)
Simplifying terms in parentheses
(1+x)=(+1.03)*(1+.03)
Simplifying terms in parentheses
(1+x)=(+1.03)*(+1.03)
Remove unnecessary parentheses
1+x=(+1.03)*(+1.03)
Reorder the terms in parentheses
multiplication of parentheses
1+x=(+1.0609)
Remove unnecessary parentheses
1+x=+1.0609
We move all terms containing x to the left and all other terms to the right.
+1x=+1.0609-1
We simplify left and right side of the equation.
+1x=0.0609
We divide both sides of the equation by 1 to get x.
x=0.0609
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