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Simplifying 4070 = p(1 + 0.05 * 5) Multiply 0.05 * 5 4070 = p(1 + 0.25) Combine like terms: 1 + 0.25 = 1.25 4070 = p(1.25) Reorder the terms for easier multiplication: 4070 = 1.25p Solving 4070 = 1.25p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.25p' to each side of the equation. 4070 + -1.25p = 1.25p + -1.25p Combine like terms: 1.25p + -1.25p = 0.00 4070 + -1.25p = 0.00 Add '-4070' to each side of the equation. 4070 + -4070 + -1.25p = 0.00 + -4070 Combine like terms: 4070 + -4070 = 0 0 + -1.25p = 0.00 + -4070 -1.25p = 0.00 + -4070 Combine like terms: 0.00 + -4070 = -4070 -1.25p = -4070 Divide each side by '-1.25'. p = 3256 Simplifying p = 3256
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