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Simplifying 16000 = P(1 + 0.04 * 2) Multiply 0.04 * 2 16000 = P(1 + 0.08) Combine like terms: 1 + 0.08 = 1.08 16000 = P(1.08) Reorder the terms for easier multiplication: 16000 = 1.08P Solving 16000 = 1.08P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-1.08P' to each side of the equation. 16000 + -1.08P = 1.08P + -1.08P Combine like terms: 1.08P + -1.08P = 0.00 16000 + -1.08P = 0.00 Add '-16000' to each side of the equation. 16000 + -16000 + -1.08P = 0.00 + -16000 Combine like terms: 16000 + -16000 = 0 0 + -1.08P = 0.00 + -16000 -1.08P = 0.00 + -16000 Combine like terms: 0.00 + -16000 = -16000 -1.08P = -16000 Divide each side by '-1.08'. P = 14814.81481 Simplifying P = 14814.81481
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