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1.08=1.035*1.03*(1+x)
We simplify the equation to the form, which is simple to understand
1.08=1.035*1.03*(1+x)
Simplifying:
1.08=+1.06605*(1+x)
Reorder the terms in parentheses
1.08=+(+1.06605+1.06605x)
Remove unnecessary parentheses
+1.08=+1.06605+1.06605x
We move all terms containing x to the left and all other terms to the right.
-1.06605x=+1.06605-1.08
We simplify left and right side of the equation.
-1.06605x=-0.01395
We divide both sides of the equation by -01.06605 to get x.
x=0.0130856901646
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