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Simplifying 104000 = 52000(1 + 0.03) Combine like terms: 1 + 0.03 = 1.03 104000 = 52000(1.03) Multiply 52000 * 1.03 104000 = 53560 Solving 104000 = 53560 Couldn't find a variable to solve for. This equation is invalid, the left and right sides are not equal, therefore there is no solution.
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