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Simplifying 3694.50 = 3600.00(1 + 0.75r) 3694.50 = (1 * 3600.00 + 0.75r * 3600.00) 3694.50 = (3600 + 2700r) Solving 3694.50 = 3600 + 2700r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-2700r' to each side of the equation. 3694.50 + -2700r = 3600 + 2700r + -2700r Combine like terms: 2700r + -2700r = 0 3694.50 + -2700r = 3600 + 0 3694.50 + -2700r = 3600 Add '-3694.50' to each side of the equation. 3694.50 + -3694.50 + -2700r = 3600 + -3694.50 Combine like terms: 3694.50 + -3694.50 = 0.00 0.00 + -2700r = 3600 + -3694.50 -2700r = 3600 + -3694.50 Combine like terms: 3600 + -3694.50 = -94.5 -2700r = -94.5 Divide each side by '-2700'. r = 0.035 Simplifying r = 0.035
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