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Simplifying 300 + 0.05y = 600 + 0.01y Solving 300 + 0.05y = 600 + 0.01y Solving for variable 'y'. Move all terms containing y to the left, all other terms to the right. Add '-0.01y' to each side of the equation. 300 + 0.05y + -0.01y = 600 + 0.01y + -0.01y Combine like terms: 0.05y + -0.01y = 0.04y 300 + 0.04y = 600 + 0.01y + -0.01y Combine like terms: 0.01y + -0.01y = 0.00 300 + 0.04y = 600 + 0.00 300 + 0.04y = 600 Add '-300' to each side of the equation. 300 + -300 + 0.04y = 600 + -300 Combine like terms: 300 + -300 = 0 0 + 0.04y = 600 + -300 0.04y = 600 + -300 Combine like terms: 600 + -300 = 300 0.04y = 300 Divide each side by '0.04'. y = 7500 Simplifying y = 7500
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