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Simplifying 2(0.03r + 1) = 23 + -0.01r Reorder the terms: 2(1 + 0.03r) = 23 + -0.01r (1 * 2 + 0.03r * 2) = 23 + -0.01r (2 + 0.06r) = 23 + -0.01r Solving 2 + 0.06r = 23 + -0.01r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '0.01r' to each side of the equation. 2 + 0.06r + 0.01r = 23 + -0.01r + 0.01r Combine like terms: 0.06r + 0.01r = 0.07r 2 + 0.07r = 23 + -0.01r + 0.01r Combine like terms: -0.01r + 0.01r = 0.00 2 + 0.07r = 23 + 0.00 2 + 0.07r = 23 Add '-2' to each side of the equation. 2 + -2 + 0.07r = 23 + -2 Combine like terms: 2 + -2 = 0 0 + 0.07r = 23 + -2 0.07r = 23 + -2 Combine like terms: 23 + -2 = 21 0.07r = 21 Divide each side by '0.07'. r = 300 Simplifying r = 300
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