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Simplifying 4680.50 = 4400(1 + 0.75r) 4680.50 = (1 * 4400 + 0.75r * 4400) 4680.50 = (4400 + 3300r) Solving 4680.50 = 4400 + 3300r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-3300r' to each side of the equation. 4680.50 + -3300r = 4400 + 3300r + -3300r Combine like terms: 3300r + -3300r = 0 4680.50 + -3300r = 4400 + 0 4680.50 + -3300r = 4400 Add '-4680.50' to each side of the equation. 4680.50 + -4680.50 + -3300r = 4400 + -4680.50 Combine like terms: 4680.50 + -4680.50 = 0.00 0.00 + -3300r = 4400 + -4680.50 -3300r = 4400 + -4680.50 Combine like terms: 4400 + -4680.50 = -280.5 -3300r = -280.5 Divide each side by '-3300'. r = 0.085 Simplifying r = 0.085
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