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Simplifying 4940 = p(1 + 0.06 * 5) Multiply 0.06 * 5 4940 = p(1 + 0.3) Combine like terms: 1 + 0.3 = 1.3 4940 = p(1.3) Reorder the terms for easier multiplication: 4940 = 1.3p Solving 4940 = 1.3p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.3p' to each side of the equation. 4940 + -1.3p = 1.3p + -1.3p Combine like terms: 1.3p + -1.3p = 0.0 4940 + -1.3p = 0.0 Add '-4940' to each side of the equation. 4940 + -4940 + -1.3p = 0.0 + -4940 Combine like terms: 4940 + -4940 = 0 0 + -1.3p = 0.0 + -4940 -1.3p = 0.0 + -4940 Combine like terms: 0.0 + -4940 = -4940 -1.3p = -4940 Divide each side by '-1.3'. p = 3800 Simplifying p = 3800
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