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Simplifying 2178 = p(1 + 0.03 * 7) Multiply 0.03 * 7 2178 = p(1 + 0.21) Combine like terms: 1 + 0.21 = 1.21 2178 = p(1.21) Reorder the terms for easier multiplication: 2178 = 1.21p Solving 2178 = 1.21p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.21p' to each side of the equation. 2178 + -1.21p = 1.21p + -1.21p Combine like terms: 1.21p + -1.21p = 0.00 2178 + -1.21p = 0.00 Add '-2178' to each side of the equation. 2178 + -2178 + -1.21p = 0.00 + -2178 Combine like terms: 2178 + -2178 = 0 0 + -1.21p = 0.00 + -2178 -1.21p = 0.00 + -2178 Combine like terms: 0.00 + -2178 = -2178 -1.21p = -2178 Divide each side by '-1.21'. p = 1800 Simplifying p = 1800
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