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Simplifying 3696 = P(1 + (0.06)(2)) Multiply 0.06 * 2 3696 = P(1 + 0.12) Combine like terms: 1 + 0.12 = 1.12 3696 = P(1.12) Reorder the terms for easier multiplication: 3696 = 1.12P Solving 3696 = 1.12P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-1.12P' to each side of the equation. 3696 + -1.12P = 1.12P + -1.12P Combine like terms: 1.12P + -1.12P = 0.00 3696 + -1.12P = 0.00 Add '-3696' to each side of the equation. 3696 + -3696 + -1.12P = 0.00 + -3696 Combine like terms: 3696 + -3696 = 0 0 + -1.12P = 0.00 + -3696 -1.12P = 0.00 + -3696 Combine like terms: 0.00 + -3696 = -3696 -1.12P = -3696 Divide each side by '-1.12'. P = 3300 Simplifying P = 3300
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