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Simplifying 3712 = p(1 + 0.08)(2) Combine like terms: 1 + 0.08 = 1.08 3712 = p(1.08)(2) Reorder the terms for easier multiplication: 3712 = 1.08 * 2p Multiply 1.08 * 2 3712 = 2.16p Solving 3712 = 2.16p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-2.16p' to each side of the equation. 3712 + -2.16p = 2.16p + -2.16p Combine like terms: 2.16p + -2.16p = 0.00 3712 + -2.16p = 0.00 Add '-3712' to each side of the equation. 3712 + -3712 + -2.16p = 0.00 + -3712 Combine like terms: 3712 + -3712 = 0 0 + -2.16p = 0.00 + -3712 -2.16p = 0.00 + -3712 Combine like terms: 0.00 + -3712 = -3712 -2.16p = -3712 Divide each side by '-2.16'. p = 1718.518519 Simplifying p = 1718.518519
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