500(1+r*6/12)=520

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Solution for 500(1+r*6/12)=520 equation:


500(1+r*6/12)=520

We simplify the equation to the form, which is simple to understand 
500(1+r*6/12)=520

Simplifying:
500*(1+6r/12)=520

Simplifying:
500*(1 + 0.5r)=520

Reorder the terms in parentheses
+(+500+250r)=520

Remove unnecessary parentheses
+500+250r=+520

We move all terms containing r to the left and all other terms to the right. 
+250r=+520-500

We simplify left and right side of the equation. 
+250r=+20

We divide both sides of the equation by 250 to get r. 
r=0.08

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