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(1+x)=1.035*1.03
We simplify the equation to the form, which is simple to understand
(1+x)=1.035*1.03
Simplifying:
(1+x)=+1.06605
Remove unnecessary parentheses
1+x=+1.06605
We move all terms containing x to the left and all other terms to the right.
+1x=+1.06605-1
We simplify left and right side of the equation.
+1x=0.06605
We divide both sides of the equation by 1 to get x.
x=0.06605
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