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Simplifying 1000(1 + r)(1 + r) = 1123.60 Multiply (1 + r) * (1 + r) 1000(1(1 + r) + r(1 + r)) = 1123.60 1000((1 * 1 + r * 1) + r(1 + r)) = 1123.60 1000((1 + 1r) + r(1 + r)) = 1123.60 1000(1 + 1r + (1 * r + r * r)) = 1123.60 1000(1 + 1r + (1r + r2)) = 1123.60 Combine like terms: 1r + 1r = 2r 1000(1 + 2r + r2) = 1123.60 (1 * 1000 + 2r * 1000 + r2 * 1000) = 1123.60 (1000 + 2000r + 1000r2) = 1123.60 Solving 1000 + 2000r + 1000r2 = 1123.60 Solving for variable 'r'. Reorder the terms: 1000 + -1123.60 + 2000r + 1000r2 = 1123.60 + -1123.60 Combine like terms: 1000 + -1123.60 = -123.6 -123.6 + 2000r + 1000r2 = 1123.60 + -1123.60 Combine like terms: 1123.60 + -1123.60 = 0.00 -123.6 + 2000r + 1000r2 = 0.00 Begin completing the square. Divide all terms by 1000 the coefficient of the squared term: Divide each side by '1000'. -0.1236 + 2r + r2 = 0.00 Move the constant term to the right: Add '0.1236' to each side of the equation. -0.1236 + 2r + 0.1236 + r2 = 0.00 + 0.1236 Reorder the terms: -0.1236 + 0.1236 + 2r + r2 = 0.00 + 0.1236 Combine like terms: -0.1236 + 0.1236 = 0.0000 0.0000 + 2r + r2 = 0.00 + 0.1236 2r + r2 = 0.00 + 0.1236 Combine like terms: 0.00 + 0.1236 = 0.1236 2r + r2 = 0.1236 The r term is 2r. Take half its coefficient (1). Square it (1) and add it to both sides. Add '1' to each side of the equation. 2r + 1 + r2 = 0.1236 + 1 Reorder the terms: 1 + 2r + r2 = 0.1236 + 1 Combine like terms: 0.1236 + 1 = 1.1236 1 + 2r + r2 = 1.1236 Factor a perfect square on the left side: (r + 1)(r + 1) = 1.1236 Calculate the square root of the right side: 1.06 Break this problem into two subproblems by setting (r + 1) equal to 1.06 and -1.06.Subproblem 1
r + 1 = 1.06 Simplifying r + 1 = 1.06 Reorder the terms: 1 + r = 1.06 Solving 1 + r = 1.06 Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-1' to each side of the equation. 1 + -1 + r = 1.06 + -1 Combine like terms: 1 + -1 = 0 0 + r = 1.06 + -1 r = 1.06 + -1 Combine like terms: 1.06 + -1 = 0.06 r = 0.06 Simplifying r = 0.06Subproblem 2
r + 1 = -1.06 Simplifying r + 1 = -1.06 Reorder the terms: 1 + r = -1.06 Solving 1 + r = -1.06 Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-1' to each side of the equation. 1 + -1 + r = -1.06 + -1 Combine like terms: 1 + -1 = 0 0 + r = -1.06 + -1 r = -1.06 + -1 Combine like terms: -1.06 + -1 = -2.06 r = -2.06 Simplifying r = -2.06Solution
The solution to the problem is based on the solutions from the subproblems. r = {0.06, -2.06}
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