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Simplifying 2507 = P(1 + (0.03) * 3) Multiply 0.03 * 3 2507 = P(1 + 0.09) Combine like terms: 1 + 0.09 = 1.09 2507 = P(1.09) Reorder the terms for easier multiplication: 2507 = 1.09P Solving 2507 = 1.09P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-1.09P' to each side of the equation. 2507 + -1.09P = 1.09P + -1.09P Combine like terms: 1.09P + -1.09P = 0.00 2507 + -1.09P = 0.00 Add '-2507' to each side of the equation. 2507 + -2507 + -1.09P = 0.00 + -2507 Combine like terms: 2507 + -2507 = 0 0 + -1.09P = 0.00 + -2507 -1.09P = 0.00 + -2507 Combine like terms: 0.00 + -2507 = -2507 -1.09P = -2507 Divide each side by '-1.09'. P = 2300 Simplifying P = 2300
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