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Simplifying 3108 = p(1 + (0.08)(6)) Multiply 0.08 * 6 3108 = p(1 + 0.48) Combine like terms: 1 + 0.48 = 1.48 3108 = p(1.48) Reorder the terms for easier multiplication: 3108 = 1.48p Solving 3108 = 1.48p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.48p' to each side of the equation. 3108 + -1.48p = 1.48p + -1.48p Combine like terms: 1.48p + -1.48p = 0.00 3108 + -1.48p = 0.00 Add '-3108' to each side of the equation. 3108 + -3108 + -1.48p = 0.00 + -3108 Combine like terms: 3108 + -3108 = 0 0 + -1.48p = 0.00 + -3108 -1.48p = 0.00 + -3108 Combine like terms: 0.00 + -3108 = -3108 -1.48p = -3108 Divide each side by '-1.48'. p = 2100 Simplifying p = 2100
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