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Simplifying 4509.63 = 4300.00(1 + 0.75r) 4509.63 = (1 * 4300.00 + 0.75r * 4300.00) 4509.63 = (4300 + 3225r) Solving 4509.63 = 4300 + 3225r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-3225r' to each side of the equation. 4509.63 + -3225r = 4300 + 3225r + -3225r Combine like terms: 3225r + -3225r = 0 4509.63 + -3225r = 4300 + 0 4509.63 + -3225r = 4300 Add '-4509.63' to each side of the equation. 4509.63 + -4509.63 + -3225r = 4300 + -4509.63 Combine like terms: 4509.63 + -4509.63 = 0.00 0.00 + -3225r = 4300 + -4509.63 -3225r = 4300 + -4509.63 Combine like terms: 4300 + -4509.63 = -209.63 -3225r = -209.63 Divide each side by '-3225'. r = 0.06500155039 Simplifying r = 0.06500155039
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