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Simplifying 18000 = p(1 + 0.12 * 2) Multiply 0.12 * 2 18000 = p(1 + 0.24) Combine like terms: 1 + 0.24 = 1.24 18000 = p(1.24) Reorder the terms for easier multiplication: 18000 = 1.24p Solving 18000 = 1.24p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.24p' to each side of the equation. 18000 + -1.24p = 1.24p + -1.24p Combine like terms: 1.24p + -1.24p = 0.00 18000 + -1.24p = 0.00 Add '-18000' to each side of the equation. 18000 + -18000 + -1.24p = 0.00 + -18000 Combine like terms: 18000 + -18000 = 0 0 + -1.24p = 0.00 + -18000 -1.24p = 0.00 + -18000 Combine like terms: 0.00 + -18000 = -18000 -1.24p = -18000 Divide each side by '-1.24'. p = 14516.12903 Simplifying p = 14516.12903
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