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1.0498=1.016*1.02*(1+x)
We simplify the equation to the form, which is simple to understand
1.0498=1.016*1.02*(1+x)
Simplifying:
1.0498=+1.03632*(1+x)
Reorder the terms in parentheses
1.0498=+(+1.03632+1.03632x)
Remove unnecessary parentheses
+1.0498=+1.03632+1.03632x
We move all terms containing x to the left and all other terms to the right.
-1.03632x=+1.03632-1.0498
We simplify left and right side of the equation.
-1.03632x=-0.01348
We divide both sides of the equation by -01.03632 to get x.
x=0.0130075652308
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