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Simplifying 4953 = P(1 + (0.03)(9)) Multiply 0.03 * 9 4953 = P(1 + 0.27) Combine like terms: 1 + 0.27 = 1.27 4953 = P(1.27) Reorder the terms for easier multiplication: 4953 = 1.27P Solving 4953 = 1.27P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-1.27P' to each side of the equation. 4953 + -1.27P = 1.27P + -1.27P Combine like terms: 1.27P + -1.27P = 0.00 4953 + -1.27P = 0.00 Add '-4953' to each side of the equation. 4953 + -4953 + -1.27P = 0.00 + -4953 Combine like terms: 4953 + -4953 = 0 0 + -1.27P = 0.00 + -4953 -1.27P = 0.00 + -4953 Combine like terms: 0.00 + -4953 = -4953 -1.27P = -4953 Divide each side by '-1.27'. P = 3900 Simplifying P = 3900
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