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55.000=10.000(1.05)3x
We move all terms to the left:
55.000-(10.000(1.05)3x)=0
We add all the numbers together, and all the variables
-(10.000(1.05)3x)+55=0
We calculate terms in parentheses: -(10.000(1.05)3x), so:We add all the numbers together, and all the variables
10.000(1.05)3x
We multiply parentheses
31.5x
Back to the equation:
-(31.5x)
-(+31.5x)+55=0
We get rid of parentheses
-31.5x+55=0
We move all terms containing x to the left, all other terms to the right
-31.5x=-55
x=-55/-31.5
x=1+15.666666666667/21
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