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Simplifying 0.12y + 0.02(y + 7000) = 1120 Reorder the terms: 0.12y + 0.02(7000 + y) = 1120 0.12y + (7000 * 0.02 + y * 0.02) = 1120 0.12y + (140 + 0.02y) = 1120 Reorder the terms: 140 + 0.12y + 0.02y = 1120 Combine like terms: 0.12y + 0.02y = 0.14y 140 + 0.14y = 1120 Solving 140 + 0.14y = 1120 Solving for variable 'y'. Move all terms containing y to the left, all other terms to the right. Add '-140' to each side of the equation. 140 + -140 + 0.14y = 1120 + -140 Combine like terms: 140 + -140 = 0 0 + 0.14y = 1120 + -140 0.14y = 1120 + -140 Combine like terms: 1120 + -140 = 980 0.14y = 980 Divide each side by '0.14'. y = 7000 Simplifying y = 7000
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