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Simplifying 1300 = p + p(0.01) Reorder the terms for easier multiplication: 1300 = p + 0.01p Combine like terms: p + 0.01p = 1.01p 1300 = 1.01p Solving 1300 = 1.01p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.01p' to each side of the equation. 1300 + -1.01p = 1.01p + -1.01p Combine like terms: 1.01p + -1.01p = 0.00 1300 + -1.01p = 0.00 Add '-1300' to each side of the equation. 1300 + -1300 + -1.01p = 0.00 + -1300 Combine like terms: 1300 + -1300 = 0 0 + -1.01p = 0.00 + -1300 -1.01p = 0.00 + -1300 Combine like terms: 0.00 + -1300 = -1300 -1.01p = -1300 Divide each side by '-1.01'. p = 1287.128713 Simplifying p = 1287.128713
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