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Simplifying 11000 = p(1 + (0.065)(2)) Multiply 0.065 * 2 11000 = p(1 + 0.13) Combine like terms: 1 + 0.13 = 1.13 11000 = p(1.13) Reorder the terms for easier multiplication: 11000 = 1.13p Solving 11000 = 1.13p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.13p' to each side of the equation. 11000 + -1.13p = 1.13p + -1.13p Combine like terms: 1.13p + -1.13p = 0.00 11000 + -1.13p = 0.00 Add '-11000' to each side of the equation. 11000 + -11000 + -1.13p = 0.00 + -11000 Combine like terms: 11000 + -11000 = 0 0 + -1.13p = 0.00 + -11000 -1.13p = 0.00 + -11000 Combine like terms: 0.00 + -11000 = -11000 -1.13p = -11000 Divide each side by '-1.13'. p = 9734.513274 Simplifying p = 9734.513274
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