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Simplifying 4070 = p(1 + 0.05 * 2) Multiply 0.05 * 2 4070 = p(1 + 0.1) Combine like terms: 1 + 0.1 = 1.1 4070 = p(1.1) Reorder the terms for easier multiplication: 4070 = 1.1p Solving 4070 = 1.1p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.1p' to each side of the equation. 4070 + -1.1p = 1.1p + -1.1p Combine like terms: 1.1p + -1.1p = 0.0 4070 + -1.1p = 0.0 Add '-4070' to each side of the equation. 4070 + -4070 + -1.1p = 0.0 + -4070 Combine like terms: 4070 + -4070 = 0 0 + -1.1p = 0.0 + -4070 -1.1p = 0.0 + -4070 Combine like terms: 0.0 + -4070 = -4070 -1.1p = -4070 Divide each side by '-1.1'. p = 3700 Simplifying p = 3700
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