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Simplifying 3760 = 3700(1 + 0.25r) 3760 = (1 * 3700 + 0.25r * 3700) 3760 = (3700 + 925r) Solving 3760 = 3700 + 925r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-925r' to each side of the equation. 3760 + -925r = 3700 + 925r + -925r Combine like terms: 925r + -925r = 0 3760 + -925r = 3700 + 0 3760 + -925r = 3700 Add '-3760' to each side of the equation. 3760 + -3760 + -925r = 3700 + -3760 Combine like terms: 3760 + -3760 = 0 0 + -925r = 3700 + -3760 -925r = 3700 + -3760 Combine like terms: 3700 + -3760 = -60 -925r = -60 Divide each side by '-925'. r = 0.06486486486 Simplifying r = 0.06486486486
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